Qualcomm shares fell 7% Monday to an intraday low of $186.71 and closed around $187.48, down from Friday’s $201.97 close. The decline followed reports that Chief Executive Cristiano Amon sold 20,000 shares for nearly $4 million through a predetermined Rule 10b5-1 trading arrangement, while broader semiconductor stocks weakened as the 10-year Treasury yield rose to 5.218%. Negotiations with Samsung over 2-nanometer chip production remain stalled over pricing and production-yield concerns, with a potential agreement not expected until 2027. Qualcomm’s latest quarterly revenue reached $9.95 billion, ahead of the $9.69 billion consensus, but earnings per share of $2.21 missed estimates of $2.23 and total sales declined 4% year over year. The company guided to fourth-quarter EPS of $2.05 to $2.25. Qualcomm is expanding into automotive, IoT, artificial intelligence and robotics, including through its acquisition of Picknik, while automotive revenue rose 61% in the latest period. Its renewed global patent licensing agreement with Apple takes effect April 1, 2027. Shares remain up 10% year to date but 24% below their 52-week high of $251.02.