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Why Qualcomm Stock Stock Is Falling Hard Today

Why Qualcomm Stock Stock Is Falling Hard Today

Qualcomm (NASDAQ: QCOM) shareholders were nervous today after the U.S. Department of Commerce said on Friday that it would restrict exports of some semiconductors to China. The U.S. government is worried about the Chinese government having access to high-end chips made in America. As a result, the semiconductor stock fell 4.9% as of 2:49 p.m. ET.