Why Qualcomm, Micron Technology, and Skyworks Solutions Fell Today

Why Qualcomm, Micron Technology, and Skyworks Solutions Fell Today
·3 min read

Shares of Qualcomm (NASDAQ: QCOM), Micron Technology (NASDAQ: MU), and Skyworks Solutions (NASDAQ: SWKS) fell today after the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing, reported a drop in its April revenue. Each of the tech stocks took a hit today as a result of the news, with Qualcomm down 6.3%, Micron tumbling 5.6%, and Skyworks sliding 4.8% as of 3:39 p.m. EDT.