Qualcomm Inc. shares slipped in the extended session Wednesday as the chip maker's quarterly results and outlook topped Wall Street estimates, but certain business segments fell short of expectations.

In the latest trading session, Qualcomm (QCOM) closed at $157.46, marking a -1.02% move from the previous day. This change lagged the S&P 500's daily loss of 0.33%. Meanwhile, the Dow lost 0.63%, and ...

This was the stock's third consecutive day of losses.

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A "credible source" claims that Qualcomm has a new Wear OS chip coming with a few key upgrades to the overall package.