QCOM
When your family tree includes Qualcomm
Rep. Sara Jacobs disclosed two Qualcomm sales on May 20th, each in the $500,000 to $1 million range. Translation: she likely lightened up on about $1 million to $2 million of QCOM, and yes, that’s a lot of semiconductors to casually unload.
Why investors are side-eyeing this
Jacobs isn’t just any lawmaker. She’s the granddaughter of Qualcomm cofounder Irwin Jacobs, which makes this feel a little less like random portfolio housekeeping and a little more like family-office drama with a Capitol Hill twist.
The sale also landed while Qualcomm is trading near recent highs. When a stock is already up 23% year to date and sitting close to its all-time high, even a routine-looking sale can make traders ask: is somebody taking chips off the table because the punch bowl might not stay out forever?
The bigger picture
This isn’t the same as a CEO dumping stock after a bad quarter. It’s a disclosed congressional trade, which means the signal is more about optics and sentiment than a direct read on Qualcomm’s business. Still, with QCOM already priced for optimism, the trade adds one more headline for investors to chew on.
Big picture: Qualcomm’s business may still be humming, but when the stock is near the ceiling, everyone notices who’s heading for the exits.