Qualcomm Shares Fall as Weak Smartphone Chip Sales Overshadow Data Center Momentum

The news headline highlights weak smartphone chip sales, which could create negative pressure in the short term since this is one of Qualcomm's (QCOM) main revenue drivers. However, the price has risen 6.9% over the past 24 hours and is above the 20-day SMA (165.6) while trading close to the 50-day SMA (172.8), suggesting the news impact may remain limited. The RSI at 59.5 is not in overbought territory, and the MACD is in negative territory but approaching its signal line; momentum is weak but trending toward recovery. The positive contribution from data center momentum could partially offset the negative tone of the news. Therefore, I foresee a slightly downward bias with low confidence in the 1-3 day outlook.

The news is specific to Qualcomm and has limited direct impact on GOOGL; weak smartphone chip sales could be perceived as mildly negative indirectly through the Android ecosystem. GOOGL has risen 3.9% in the last 24 hours and with an RSI of 51 is in neutral territory, with no overbought pressure. MACD is negative but above the signal line, indicating a weak short-term recovery signal is present. The price is above SMA20 but below SMA50, with a mixed technical picture prevailing. Therefore, the news is not expected to move GOOGL significantly in either direction, and a neutral-indecisive trend is likely.