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Qualcomm stock plunges to lowest prices in more than two years as magnitude of smartphone shortfall shocks Wall Street

By: MarketWatch

November 03, 2022 at 12:18 PM EDT

Qualcomm Inc. shares dropped Thursday after Wall Street had braced for a bumpy ride as the chip maker and smartphone supplier navigated an oversupplied market, and got T-boned instead, sending analysts to cut price targets.

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Qualcomm stock plunges to lowest prices in more than two years as magnitude of smartphone shortfall shocks Wall Street