Qualcomm drops 13% as chip stocks pull back from record AI-driven rally

The recent rally has shown a broadening of the AI trade beyond chipmaking giant Nvidia.

# Qualcomm drops 13% as chip stocks pull back from record AI-driven rally The recent rally has shown a broadening of the AI trade beyond chipmaking giant Nvidia. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/12/qualcomm-chip-stocks-record-ai.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*