MarketsQualcomm Shares Fall Most in Six Months After Weak Profit ForecastSource: BloombergBy Rita NazarethUpdated on
A post-election slide in chipmakers snowballed as investors bailed from technology shares on speculation that congressional Democrats will clamp down on the artificial-intelligence industry.
The 11% plunge in a gauge of chip giants put the group on pace for its worst week since April 2025. The S&P 500 fell 4%. The Nasdaq 100 slid 6%. Nvidia Corp. lost 9%. Qualcomm Inc. and Arm Holdings Plc’s sank on underwhelming outlooks. Apple Inc. plans to raise $7 billion from an investment-grade bond sale, adding to a flurry of tech issuance. Tesla Inc. and SpaceX slid over 9%.