China has initiated an investigation into U.S. semiconductor manufacturer Qualcomm, the country's market regulator said on Friday.
Qualcomm (QCOM) closed the most recent trading day at $167.77, moving +1.4% from the previous trading session.
Qualcomm is fighting a 480 million-pound ($646.8 million) London lawsuit brought on behalf of smartphone owners, which alleges the chipmaker has abused its dominant position to force Apple and Samsung to pay inflated royalties.
Over the past ten years, Qualcomm (NASDAQ:QCOM) has distributed an impressive $87 billion to its shareholders in the form of cash through dividends and buybacks. Behind the cash machine lies Qualcomm's dual powerhouses — its technology licensing juggernaut that almost every wireless player depends on, and its mobile chipset franchise that remains the standard-bearer for the industry.
Qualcomm (QCOM) concluded the recent trading session at $168.85, signifying a +1.42% move from its prior day's close.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
We appreciate companies that generate cash. A significant amount of cash.
QCOM expands beyond smartphones with Snapdragon X AI chips for PCs, targeting growth in laptops and desktops.
Qualcomm's recent underperformance has been attributed to the uncertainty surrounding its handset prospects, as some key customers diversify from their offerings. Even so, the management continues to remain optimistic about its long-term prospects, as they drive a well diversified growth prospect across CPU/ automotive/ smart wearables. This is on top of the new data center related growth opportunity and custom AI accelerator prospects, allowing them to tap into the multi-year cloud super cycle.
The latest trading day saw Qualcomm (QCOM) settling at $161.51, representing a +1.61% change from its previous close.
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.
Qualcomm launches a new autonomous driving product that's going into BMW's new iX3 SUVs. Qualcomm CEO Cristiano Amon discusses the Snapdragon Ride Pilot and company's growth in the mobility space with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.