QCOM

Qualcomm is trading higher in pre-market action as the stock attempts to stabilize following a 6.1% sell-off during yesterday's session. That decline was driven by broader semiconductor weakness and investor anxiety surrounding a hotter-than-expected April inflation report, which has forced markets to reprice expectations for Federal Reserve interest rate cuts. While the company faces ongoing headwinds from rising component prices that threaten to slow smartphone sales, the stock is showing resilience this morning as investors look past the recent volatility. No specific company-level catalysts have been identified in the last 24 hours, suggesting the current move is a technical consolidation following yesterday's sharp pullback.