Qualcomm tumbles, leading semiconductor and AI stocks lower

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Qualcomm shares plummeted 10% on Tuesday, dragging down other semiconductor and AI stocks. This decline followed a hotter-than-expected retail inflation report and rising geopolitical tensions. Analyst Tae Kim cited Qualcomm's loss of market share at Apple, struggles in the Android market, and intense competition in processors as reasons for its "problem child" status. Concerns were also raised about a talent exodus and the company's valuation, trading at over 20 times forward earnings.