QCOM appears to be treading in the middle of the road and investors could be better off if they trade with caution.
Qualcomm acquires MovianAI to augment its portfolio strength and develop an advanced AI native solution suite for the PC, smartphone and automotive industries.
Qualcomm's shares have weakened due to the loss of its Apple business and headline risk over an “AI Indigestion” period and Trade War. The company is positioned to capitalize on the Internet of Things (IoT) market, which should see an explosion in TAM. Qualcomm's automotive business is expanding into lucrative areas like infotainment systems and autonomous driving. It's rapidly expanding design wins will translate into billions in revenues.
Qualcomm has acquired the generative AI division of VinAI, an AI research company headquartered in Hanoi, for an undisclosed amount, the companies announced on Monday.
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In the most recent trading session, Qualcomm (QCOM) closed at $153.61, indicating a +0.58% shift from the previous trading day.
Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.
Shares of Qualcomm Inc. NASDAQ: QCOM closed at $160 on Tuesday night, once again hovering above a key long-term support level of around $150. This area has acted as a technical launchpad for the stock several times since last summer, and it's looking like it may do so again.
Qualcomm (QCOM) filed antitrust complaints against Arm Holdings (ARM), a story of "friends turning to foes," says Diane King Hall. She looks deeper into the accusations and shares why Arm took the bigger hit at the start of the trading session.
Evercore screened for stocks that should do well even if the broader market suffers.
In the closing of the recent trading day, Qualcomm (QCOM) stood at $158.26, denoting a +1.26% change from the preceding trading day.
Shares of Qualcomm Inc. NASDAQ: QCOM have been stuck in a frustrating trading range for months despite the chipmaker consistently delivering strong financial results. The stock is down 10 percent since the last week of February and has been testing the lower end of its range from December.