At QUALCOMM's (NasdaqGS:QCOM) recent annual general meeting, shareholders rejected a proposal aimed at protecting retirement benefits, highlighting ongoing debates around corporate governance. Over the past month, the company's stock saw a price decline of 10%. This move aligns with broader negative sentiment in the market, as the Nasdaq Composite entered bear market territory due to tariff-induced sell-offs. Technology stocks, particularly semiconductor companies, were among the hardest hit, reflecting the market's concerns over potential impacts on global trade and economic growth.

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Over the past five years, Qualcomm's total shareholder return, including share price growth and dividends, reached 117.05%. This impressive performance was driven by several key factors. Qualcomm's diversification into automotive and IoT sectors began paying off significantly, evidenced by substantial revenue growth in these areas. Strategies like boosting Snapdragon's presence in premium handsets, and entering the PC market with Snapdragon X Series platforms, concentrated efforts on increasing market share and expanding the company’s content base. Additionally, the Snapdragon’s leadership in edge AI and automotive collaborations bolstered Qualcomm's revenue potential.

While Qualcomm's performance over five years was strong, in the most recent year, it underperformed the US market and US Semiconductor industry, reflecting broader market challenges. Efforts such as share buybacks, totaling US$10 billion, and consistent dividend distributions, bolstered investor confidence and contributed to overall returns within the broader five-year context. Furthermore, successful partnerships, like with Bharti Airtel, and the adaptation of voice-based health diagnostics, highlight Qualcomm's ongoing innovation and adaptability in technology integration.

Understand QUALCOMM's track record by examining our performance history report.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqGS:QCOM.

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