Qualcomm is trading lower today, pressured by a broader decline in the semiconductor sector and negative sentiment surrounding Apple, which saw its stock drop following reports of component order cuts for the iPhone 18 Pro. While Qualcomm has been actively pivoting toward data-center AI with secured hyperscaler deals, investors remain focused on the company's ongoing struggles with a maturing mobile handset market and declining revenue trends. These headwinds, combined with a year-to-date performance that has significantly lagged behind semiconductor peers, continue to weigh on the stock as it navigates a transition away from its traditional smartphone-centric business model.