Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.
The innovative company is taking market share in nearly every category in which it operates.
Qualcomm (QCOM -1.20%) has launched several successful products in recent quarters, helping it gain market share across its categories.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
I have had Qualcomm (QCOM 0.04%) stock rated as a buy for over a year, and the company's prospects continue improving.
Qualcomm (QCOM 0.30%) is winning market share in several massive industries with new product innovations.
Technology giant Qualcomm Inc QCOM unveiled a new name for a portion of its brand portfolio that operates outside of Snapdragon.
Qualcomm (QCOM -2.62%) had several successful product launches last year, and investors are excited about its prospects.
Qualcomm (QCOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The technicals are currently net positive, with the majority of indications showing strength is likely moving forward. Fundamentals are overall strong, but guidance was a bit mixed as revenue growth and adjusted EPS growth rates are expected to slow. The stock still seems undervalued, however, as the massive P/E ratio discount to peers seems unwarranted due to Qualcomm's strong position in edge AI.
Qualcomm's recent earnings report shows strong growth, despite some market pessimism, highlighting the company's potential in portable AI and edge computing. Portable AI, driven by models like DeepSeek, positions QCOM to benefit from increased demand for AI chips in smartphones and IoT devices. The Company's valuation is attractive, with a forward P/E ratio significantly below the sector median, suggesting a potential upside of around 25.88%.
Olivier Blanchard notes rockiness in the chip trade but expects it to smooth out with the world's growing reliance on A.I. He anticipates companies to use the technology in ways that improve employee efficiency.