Get a deeper insight into the potential performance of Qualcomm (QCOM) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Equities across the board are starting to soften after months of gains, making it a good time to go bargain-hunting. Many of the stocks that have enjoyed triple-digit percentage gains this past year are also facing some of the heavier selloffs.
An exciting segment within the equities space, augmented reality stocks center on a mainline catalyst: the prospect for tremendous growth. According to Grand View Research, the global AR market reached a valuation of $57.26 billion last year.
Qualcomm (QCOM) closed the most recent trading day at $193.35, moving -0.83% from the previous trading session.
The recent pullback in the tech sector has affected most semiconductor producers, with Qualcomm (NASDAQ: QCOM) stock one of the worst hit among them. QCOM fell below the crucial $200 psychological threshold during the pullback of 2.92% in the previous month.
I love Qualcomm (NASDAQ: QCOM ). Based in San Diego, Qualcomm develops and commercializes a range of foundational technologies for the wireless industry.
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.
Mobile chipset major Qualcomm (NASDAQ: QCOM) is poised to publish its Q3 FY'24 results later this month. The stock has risen by a solid 45% year-to-date, outperforming semiconductor peer Intel, which has plummeted by about 30% over the same period.
In the most recent trading session, Qualcomm (QCOM) closed at $209.64, indicating a +0.7% shift from the previous trading day.
Qualcomm's Snapdragon chips for PCs should be a growth catalyst, opening up an entirely new segment. Qualcomm's auto segment is doing exceedingly well, with about 30% growth. Its sustainable licensing business has margins in excess of 70%.
If successful, the lawsuit could enhance Qualcomm's (QCOM) position in India and potentially open up new licensing opportunities in other emerging markets where Transsion operates.
The expectations are sky-high for Qualcomm (NASDAQ: QCOM ) and other artificial intelligence hardware manufacturers in 2024. Since the prevailing sentiment surrounding Qualcomm is highly optimistic, contrarian investors shouldn't be too eager to buy Qualcomm stock now.