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Qualcomm reported strong Q2 earnings, surpassing analyst expectations with adjusted per-share earnings of $2.44 and adjusted revenues of $9.39 billion. The company's handset sales and automotive segment showed strong growth rates, while IoT revenues shrank by 11%. The stock's surging bullish momentum could continue, based on technical indicators and positive quarterly earnings and investors should consider buying on short-term declines.
Qualcomm has been getting great positive results from the automotive market, but now laptops could be a brand-new area to generate sales. Profit margins have remained positive throughout the bear market.
Qualcomm (NASDAQ: QCOM ) stock recently announced a groundbreaking partnership with Microsoft to power the next generation of AI-powered personal computers. This strategic alliance marks a significant milestone for both companies.
It was clear last fall that Qualcomm (NASDAQ: QCOM ), the longtime leader in phone modems, needed a new growth story. Qualcomm stock had a terrible 2023.
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Ampere Computing on Thursday said it was pairing its chips with those from Qualcomm in a new offering aimed at lowering the power bills from operating artificial intelligence chips.