QUALCOMM, Inc. (NASDAQ:QCOM) shares are trading lower by 3.67% to $127.43 Thursday afternoon. Shares of several chips and semiconductors companies are trading lower after the U.S. government imposed export restrictions on the chipmakers.

In a Form 8-K filing with the SEC, Nvidia said the U.S. government on Aug. 26 informed the company that it has imposed a new license requirement for any future exports to China in order to address the risk that some products could be used for military purposes in China and Russia...Read More

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According to data from Benzinga Pro, Qualcomm has a 52-week high of $193.58 and a 52-week low of $118.22.