Qualcomm (chip company)Gāotōng高通stock pricegǔjià股价to plunge / to crashbàodiē暴跌13 percent13%13%，to lead / to spearheadyǐnlǐng引领semiconductorbàndǎotǐ半导体sector / segmentbǎnkuài板块across-the-board / comprehensivequánmiàn全面pullback / correctionhuídiào回调。
May 13, 2026 at 3:00 AM
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Science & TechnologyQualcomm Shares Plunge 13 Percent Leading Broad Semiconductor Sector Selloff
Hotter-than-expected US inflation data, combined with fears over ceasefire negotiations collapsing, triggered a broad chip stock selloff, with Qualcomm leading the decline at 13 percent.
On May 12th, the U.S. Consumer Price Index (CPI) for April showed a year-on-year increase of 3.8%, surpassing market expectations and marking the largest monthly increase since May 2023.
Following the announcement of this inflation data, both the Nasdaq and S&P 500 indices fell sharply, with semiconductor stocks becoming the hardest-hit sector.
Qualcomm's stock price plummeted 13% in a single day, marking its worst single-day performance since 2020.
Intel's stock fell 8%, while ON Semiconductor and Skyworks Solutions both declined more than 6%.
The iShares Semiconductor ETF, which tracks the semiconductor sector, experienced a sharp 5% decline in a single day.
Previously, driven by the AI boom, chip stocks had risen significantly for multiple consecutive weeks. This pullback is being viewed as profit-taking.
Meanwhile, U.S.-Iran ceasefire negotiations have reached a deadlock, which further weighed on market sentiment.
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