KEY TAKEAWAYSQualcomm stock is falling 5% in premarket trading Thursday, a day after the company's lower-than-estimated licensing revenue offset record quarterly sales.The chipmaker reported fiscal 2025 first-quarter revenue and profit above Visible Alpha estimates. However, investors seemed to focus on Qualcomm's licensing revenue, which undershot forecasts. Qualcomm (QCOM) stock is falling 5% in premarket trading Thursday, a day after the company’s lower-than-estimated licensing revenue offset record quar ...