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.
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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.
I remain bullish on Qualcomm, viewing it as a solid Buy with reasonable upside over the next 1-2 years despite recent underperformance. Qualcomm's diversification into automotive, IoT, and AI infrastructure is accelerating, with non-handset segments driving record growth and promising future revenue streams. The upcoming Snapdragon Summit and Alphawave acquisition are key catalysts that could shift market sentiment and highlight Qualcomm's innovation leadership.
Qualcomm stock slid 8.3% in a year as China trade woes, rising R&D costs and tough competition weigh on margins despite Snapdragon and auto gains.
Shares of tech giant Qualcomm Inc. NASDAQ: QCOM closed just under $160 on Tuesday, continuing a rebound that has added more than 10% since the first week of August. That rally came after a sharp selloff on earnings, which briefly dragged shares below the lows seen through much of June and July.
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Qualcomm (QCOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Qualcomm expands in V2X with Autotalks buyout, boosting its Snapdragon Digital Chassis and connected car solutions.