In the most recent trading session, Qualcomm (QCOM) closed at $158.52, indicating a -0.53% shift from the previous trading day.
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Qualcomm is diversifying beyond mobile handsets into automotive, IoT, and PCs, driven by edge-AI applications, boosting growth and reducing reliance on the mature mobile market. The company's Snapdragon platforms are well-positioned for edge-AI, with significant traction in automotive and IoT, and promising new Snapdragon X processors for PCs. Despite strong financials and growth potential, Qualcomm faces considerable risks from its high dependence on the Chinese market and potential trade tensions.
The average of price targets set by Wall Street analysts indicates a potential upside of 28.5% in Qualcomm (QCOM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Qualcomm (QCOM 3.50%) is innovating in new categories, which is increasing investor enthusiasm.
Jim Lebenthal, Chief Equity Strategist at Cerity Partners, joins CNBC's "Halftime Report" to explain why he's buying more Qualcomm
Investors interested in stocks from the Wireless Equipment sector have probably already heard of Qualcomm (QCOM) and Motorola (MSI). But which of these two stocks offers value investors a better bang for their buck right now?
Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.
Qualcomm Incorporated QCOM shares settled higher during Friday's session.
This business has demonstrated an ability to innovate across several categories.
Qualcomm (QCOM) closed the most recent trading day at $150.40, moving -1.73% from the previous trading session.
Qualcomm's recent underperformance seems to be temporary; strong financials and valuation provide a margin of safety and excellent upside for future business expansion. Q4 FY2024 saw robust revenue and EPS growth, driven by QCT segment's success in handsets, automotive, and IoT devices. Qualcomm's strategic diversification into AI, automotive, and IoT, along with strong partnerships, positions it well for future growth despite cyclical industry risks.