Qualcomm’s Best Run in Years Barely Puts a Dent in Brutal Selloff

By most objective measures, Qualcomm Inc. appears to be in the midst of a stock market heater.

The chipmaker’s shares are on track for a tenth-consecutive session of gains, which would be their longest winning streak since 2018. The stock’s 11% advance in that time is its best performance in about six months. And more broadly, semiconductors are the second-best performing sector in the S&P 500 Index this year.