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What’s Going On With Qualcomm Shares Falling Today?

QUALCOMM, Inc. (NASDAQ: QCOM) shares are trading lower by 3.67% to $127.43 Thursday afternoon. Shares of several chips and semiconductors companies are trading lower after the U.S. government imposed export restrictions on the chipmakers.
byHenry Khederian
September 1, 2022
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QUALCOMM, Inc. (NASDAQ:QCOM) shares are trading lower by 3.67% to $127.43 Thursday afternoon. Shares of several chips and semiconductors companies are trading lower after the U.S. government imposed export restrictions on the chipmakers.

In a Form 8-K filing with the SEC, Nvidia said the U.S. government on Aug. 26 informed the company that it has imposed a new license requirement for any future exports to China in order to address the risk that some products could be used for military purposes in China and Russia…Read More

See Also: Why American Virtual Cloud Technologies Shares Are Getting Hammered Today

According to data from Benzinga Pro, Qualcomm has a 52-week high of $193.58 and a 52-week low of $118.22.

 
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TSMC is set to report its first-quarter financial results before the market open Thursday and will host a conference call to discuss the results at 2:00 p.m. ET the same day. According to estimates from Benzinga Pro, the company is expected to report earnings of $1.32 per share and quarterly earnings of $18.395 billion. 

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