What's Going On With Qualcomm Stock Tuesday? - Qualcomm (NASDAQ:QCOM)

The Tuesday session for Qualcomm stock was marked by profit‑taking after Monday’s surge and by unresolved rumors about a Jensen Huang endorsement video. Shares fell 6.70% to $203.17 at the time of publication, extending a retreat from a late‑day rally. Technically, the stock sits about 8.8% below the 20‑day SMA of $224.43 but remains roughly 15% above the 50‑day SMA of $178.01 and 24% above the 200‑day SMA of $164.73, with a 51.95 RSI signaling mixed momentum. Qualcomm’s recent collaboration with SLB’s Agora edge AI and IoT solutions aims to bring low‑power AI processing closer to energy operations, a point executive Nakul Duggal framed as expanding autonomous workflows while maintaining efficiency.