In the closing of the recent trading day, Qualcomm (QCOM) stood at $176.86, denoting a +1.39% move from the preceding trading day.
Zacks.com users have recently been watching Qualcomm (QCOM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
QCOM is advancing 6G technology with AI-driven networks, Giga-MIMO and industry partnerships to improve connectivity and prepare for next-generation wireless networks.
Qualcomm faces handset weakness, a faster Apple revenue drop and margin pressure, while its data-center push remains unproven amid competition.
Qualcomm still gets priced like a smartphone supplier, but two hyperscaler custom silicon deals about to generate revenue suggest the market is missing something significant about where this company is actually headed.
Two chip makers faced the same brutal quarter of weak handset demand and squeezed margins, then made opposite bets on how to keep investors happy. The choice one of them made could define its shareholder relationship for a decade.
U.S. battery-electric sales fell 29.2% through September, while conventional hybrid sales rose 22.4%. Qualcomm's automotive revenue grew 61.4% year over year and 19.8% sequentially in its latest reported quarter.
Qualcomm is entering data center and automotive markets at full speed while Apple shrinks its handset business and analysts pile on with downward revisions.
Amazon (AMZN) and major retailers accelerate holiday promotions, driving an anticipated $95.8B in October online sales, up 8% YoY. Qualcomm (QCOM) and Huawei finalize a multi-year cross-licensing deal covering 5G, AI, and networking, with QCOM up 2.7% on the news.
The latest trading day saw Qualcomm (QCOM) settling at $184.87, representing a +1.53% change from its previous close.
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.
Qualcomm just posted 61% automotive growth and raised its non-handset target to $40 billion, yet the market keeps valuing it like a company living and dying by smartphone chips. Something in that gap is worth a closer look.