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What's Going On With Qualcomm Stock Wednesday?
Qualcomm (NASDAQ: QCOM) stock saw a slight dip in premarket trading despite announcing a significant 2nm chip design tape-out achievement from its Indian engineering teams. This milestone contributes to India’s growing semiconductor ecosystem, though manufacturing will not occur in India. The company recently reported strong Q1 earnings exceeding estimates but provided Q2 revenue guidance slightly below consensus, citing industry-wide memory supply constraints.