Qualcomm hopes to benefit from the tailwind to its industry from the increasing effectiveness of artificial intelligence.
In the most recent trading session, Qualcomm (QCOM) closed at $212.53, indicating a -1.36% shift from the previous trading day.
Qualcomm was recently upgraded to my list of AI stocks to buy.
Qualcomm is taking aim at new markets in 2024.
The chip company took a relatively long time to join the artificial-intelligence boom but the shares have been on a tear this year.
Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices.
Among the top chip stocks garnering significant attention in today's market is Qualcomm (NASDAQ: QCOM ). Indeed, shares of QCOM stock are up more than 2% as of this writing amid broader interest in the chip sector heating up.
Qualcomm Inc (NASDAQ: QCOM) is gaining in premarket on Tuesday following a report that Samsung Electronics Co Ltd (KRX: 005930) plans on switching entirely to chips made by the California based company.
Qualcomm Inc. QCOM has been on a tear, with its stock up 53.65% year-to-date and 85.46% higher over the past year. The latest boost?
It took some time for Qualcomm (NASDAQ: QCOM ) to become regarded as a top AI play, but since it took shape late last year, Qualcomm stock has been on a tear. Shares in the mobile chip company have surged by more than 52% over the past six months.
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Qualcomm's FY Q2'24 results showed strength, both on the top and bottom line, as the company's handset and automotive business continues to do well. FY Q3'24 is somewhat expected to be the trough quarter, and there should be a positive set up going forward, with multiple tailwinds driving growth. Revenues from Chinese OEMs grew 40% in FY H1'24, with the trend expected to continue.