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This Week's Featured News Qualcomm Gets Crushed: $150 Is the Level to Watch Going ForwardAuthored by Sam Quirke. Date Posted: 1/22/2026. 
What You Need to Know - Qualcomm has fallen sharply over the past week, breaking its multi-month uptrend and pushing momentum indicators firmly into oversold territory.
- The stock now trades at levels it was at years ago, despite no material company-specific bad news driving the move.
- Recent analyst updates suggest the selloff may already be overdone, and an opportunity may be opening up.
Shares of Qualcomm Inc (NASDAQ: QCOM) have been hit hard over the past week, plunging roughly 17% across seven consecutive sessions with little resistance from buyers. The tech giant has given up its 2025 gains and is now trading near levels last seen in 2020 — a sobering reversal for investors who had bought into its improving narrative. A former hedge fund manager who made $274 million in profits for his clients says "yes."
How? With something he calls "Skim Codes."
You just type the code into a regular brokerage account. Get the full breakdown now for free Some of the blame falls on escalating geopolitical tensions, which have prompted a broad flight from tech stocks and contributed to the S&P 500 recording its worst single session since October. Still, it's hard to ignore the technical damage to Qualcomm's chart, especially given how hard the stock fought for its gains last year. The rising uptrend that supported much of Qualcomm's rally has been broken — never a positive development. For contrarian investors on the sidelines, however, this may present an opportunity. Let's take a closer look. Why the Oversold Signal Matters The ongoing selloff has dramatically affected Qualcomm's momentum indicators. Its relative strength index (RSI) has slipped into extreme oversold territory, marking the most stretched reading since April of last year. That's not pretty, but the prior instance makes this more interesting. Extreme RSI readings don't call bottoms by themselves — oversold stocks can always get more oversold. Still, they often signal that selling pressure is becoming unsustainable. When an oversold reading appears without a clear company-specific catalyst, as is the case now, it suggests the move may be driven more by market-wide sentiment than by company fundamentals. When Qualcomm hit similarly oversold levels in April of last year, it went on to rally as much as 70% over the following months. That doesn't guarantee a repeat, but it does show that extreme pessimism about Qualcomm's prospects has been overturned before. A Frustrating Stock to Follow There are plenty of reasons to remain skeptical. Qualcomm has a long-standing reputation for frustrating investors: it has lagged larger peers and failed to sustain breakouts just when optimism builds. That track record is part of why the recent break in trend should be taken seriously. At the same time, the current selloff looks unusually disconnected from fundamentals. There has been no fresh earnings miss, no guidance cut, and no new negative development specific to the business. Instead, the stock appears to have been swept up in a broader risk-off move that punished equities across the board in recent sessions. That disconnect is reflected in analyst positioning. Citigroup, RBC, and Mizuho have all issued Neutral-equivalent ratings in the past month, yet their cautious price targets sit around $180. With the stock trading below $155, even the more cautious voices imply the selling has been overdone. What Bulls Need to Watch For this to become a genuine opportunity rather than a trap, the price action and technicals need to stabilize. The first step would be for Qualcomm to stop the bleeding and begin consolidating around the $150 level. Signs of selling exhaustion — such as the RSI turning higher or a bullish MACD crossover — would strengthen the case that downside momentum is fading. Until then, caution is warranted. Broken trends take time to repair, and Qualcomm has burned investors before with false starts. Still, when a stock with solid long-term fundamentals becomes this oversold without a clear catalyst, it deserves attention. For investors who believe in Qualcomm's longer-term potential and can tolerate volatility, this could be a reasonable entry point — though it may be uncomfortable in the short term.
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