Qualcomm Shares Plunge 21% YTD as Bank of America Maintains Sell Rating

Key Facts

1Qualcomm shares have dropped approximately 21% year-to-date in 2026.

2The stock is currently trading in a range between $134 and $135.

3Bank of America (BofA) has issued or maintained a 'Sell' rating on the stock.

Qualcomm (QCOM) shares have faced significant downward pressure in 2026, recording a decline of approximately 21% since the start of the year. The semiconductor giant's stock is currently trading within a narrow range between $134 and $135 per share. This bearish momentum is further reinforced by a recent report from Bank of America (BofA), which maintained a "Sell" rating on the company. Analysts point to broader market challenges and specific headwinds facing the chipmaker as primary drivers for the underperformance. The negative outlook from a major financial institution like BofA suggests potential further downside for the stock in the near term. Investors are closely monitoring the impact of this decline on broader tech indices and semiconductor-focused ETFs such as SOXX and QQQ.