Qualcomm shares have dropped 31% as investors react negatively to the distant timeline of its non-handset growth targets and a data center CPU deal with Meta that does not begin production until late 2028.
verdict REPRICING, direction bearish -> short QCOM (other: Qualcomm shares have dropped 31% as investors react negatively to the distant timeline of its non-handset growth targets and a data center CPU deal with Meta that does not begin production until late 2028.)
overnight drift: short QCOM at close, exit next close (other: Qualcomm shares have dropped 31% as investors react negatively to the distant timeline of its non-handset growth targets and a data center CPU deal with Meta that does not begin production until late 2028.)
Signal: Directionally right — the short moved as much as +1.42% in your favor with only −0.11% adverse, so the bearish call worked over the holding period. Timing: The rationale cites a 31% drop that had already occurred, so the trade entered after the bulk of the repricing; still, the entry itself wasn't late for the intraday move actually captured (only −0.19% since prior close at decision time). Exit: This is the dominant failure — the exit locked in roughly 0.07% (+$0.72) of a +1.42% favorable excursion, giving up about 95% of what was available; whether that was a rule-based exit or noise isn't determinable from this data.
📖 Glossary
S1 primary — trades the alert's primary ticker in the direction the article itself indicates; exits at the same day's close.
S2 counterparty — trades the inferred counterparty ticker (weakest signal, LLM-inferred sympathy); exits at the same day's close.
S3 peer — trades an inferred peer ticker (also LLM-inferred sympathy); exits at the same day's close.
S4 overnight — holds the primary ticker from today's close to the NEXT day's close.
Verdicts are decided top-to-bottom, first match wins; REPRICING is also the fallback when nothing else matches (2026-08-08 #220).
UNKNOWN — a needed price input (move since close or move in the last 30m) is missing.
PRICED — |move since previous close| ≥ 2.0%: already reflected in price.
REPRICING — |move in the last 30m| ≥ 0.5%: the tape is actively moving on it. Also covers a quieter move — |move since previous close| in [1.0, 2.0) with a quiet last-30m tape: still developing, not yet priced.
FRESH — |move since previous close| < 1.0%: a genuinely new move.
materiality — how market-moving the story was judged, 0-100 — alerts require materiality ≥ 60.
