Qualcomm's performance forecast reignites concerns about tariffs, with pre-market stock prices plummeting by over 5%.

In this fiscal quarter ending in June, its revenue is expected to be between $9.9 billion and $10.7 billion. The middle value of this range is slightly lower than the analyst's average expectation of $10.33 billion. This performance outlook has once again raised concerns about the imminent impact of the trade war on the smartphone market. Companies such as Intel have also given cautious performance outlooks, with some even warning that the economy may be heading towards a recession. Following this announcement, Qualcomm's stock price fell more than 5% in pre-market trading in New York. Its stock price has fallen 3.4% so far this year, but still outperforms the Philadelphia Stock Exchange Semiconductor Index, which has fallen by 15%.