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Event Brief

Qualcomm drops 13% as chip stocks pull back

Qualcomm shares fell 13% as chip stocks retreated from an AI-driven rally.
WHO: Qualcomm
WHAT: Qualcomm shares dropped 13% amid a pullback in chip stocks
WHEN: May 12, 2026 at 12:10 PM ET
WHERE: Location not specified
WHY: Chip stocks pulled back from a record AI-driven rally.

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