Trending Now - Qualcomm Leads Semiconductor Stocks in Notable Market Decline
WHO:
CNBC - Qualcomm, Intel, Sandisk, and Micron are the semiconductor companies mentioned.
WHAT:
Fast Company - Quantum Computing Inc. reported revenue growth of over 9,300% year over year for its Q1 2026.
Fast Company - D-Wave reported Q1 bookings of $33.4 million, a growth of 1,994% versus Q1 2025 bookings.
Fast Company - IonQ reported a staggering 755% year-over-year revenue growth for its Q1 2026 results on May 6.
Fast Company - Rigetti reported revenue growth of 193% year over year for its Q1 2026 results on May 11.
CNBC - Qualcomm closed down 11.46%.
CNBC - Intel closed down 6.82%.
CNBC - Sandisk dropped 6%.
CNBC - Micron fell by 3.61%.
Seeking Alpha - Qualcomm shares tumbled 10% during trading.
WHERE:
CNBC - The events pertain to the semiconductor market, which is influenced by broader market trends.
WHEN:
CNBC - The market decline occurred on a Tuesday.
WHY:
CNBC - The decline in chip stocks followed a pullback from a record AI-driven rally.
Seeking Alpha - The tanking tech stocks followed the general market down.
HOW:
CNBC - The semiconductor sector was propelled to new highs by the artificial intelligence trade before the decline.
(UPDATED May 12, 2026 23:22 UTC)
Quantum Computing Inc. has announced a remarkable revenue growth of over 9,300% year over year for its first quarter of 2026. Meanwhile, D-Wave reported Q1 bookings of $33.4 million, marking an impressive growth of 1,994% compared to the same period last year, while IonQ achieved a staggering 755% year-over-year revenue growth in its Q1 results released on May 6. Rigetti also saw significant success, reporting a revenue growth of 193% year over year for its Q1 2026 results announced on May 11.
--
(UPDATED May 12, 2026 21:25 UTC)
The semiconductor market saw significant declines as major companies like Qualcomm, Intel, Sandisk, and Micron faced losses, with Qualcomm closing down 11.46% and Intel down 6.82%. This downturn followed a pullback from a record rally driven by artificial intelligence, which had previously propelled the sector to new heights. On that Tuesday, Sandisk dropped 6% and Micron fell by 3.61%, reflecting a broader trend of tech stocks tanking alongside the general market.