Qualcomm jumps 28.2% in three months on strong chip demand and innovation, but faces stiff competition and estimate cuts.
The latest trading day saw Qualcomm (QCOM) settling at $162.32, representing a +1.83% 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 leans deeper into automotive tech with its Snapdragon platform, ADAS push and Veoneer acquisition to drive growth.
Qualcomm is transforming from a smartphone chipmaker to a platform leader in automotive, IoT, and edge AI, driving robust non-handset growth. Automotive and edge AI are now core growth engines, with Snapdragon platforms gaining traction across cars, PCs, and industrial devices, supported by strategic acquisitions. Despite Apple's modem exit risk and China exposure, Qualcomm's diversification and strong financials provide resilience and a margin of safety for investors.
Qualcomm is transforming beyond smartphones, expanding into automotive, IoT, and edge AI, supported by strong alliances and acquisitions. Q2 FY2025 results showed robust growth: revenue up 17% YoY, EPS up 22%, and strong cash generation fueling shareholder returns. Despite elite margins and profitability, QCOM trades at a discount due to market skepticism about sustainable growth outside mobile.
Qualcomm (QCOM) closed the most recent trading day at $151.30, moving 1.52% from the previous trading session.
Qualcomm's diversification has been highly strategic indeed, as observed in the growing partnerships/ design backlogs across compute/ IoT/ automotive end markets. Combined with the aggressive M&A activities, we believe that the company is likely to deliver on the aggressive FY2029 non-handset revenue target of $22B. This is significantly aided by the growing partnership across major Android OEMS, tempering the risks arising from the moderating share in AAPL's future product businesses.
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 Inc NASDAQ: QCOM closed just under $155 as the bell rang to end Tuesday's session, continuing to cool somewhat from last week's multi-month high. The pullback comes after shares gained more than 30% from April's low, marking one of Qualcomm's better rallies of the past year.
Qualcomm stock (NASDAQ:QCOM) has shown moderate performance this year, increasing by about 3% year-to-date amid uncertainties regarding U.S.-China trade and tariffs on semiconductor imports. Nevertheless, Qualcomm's operations have remained robust until the last quarter.
QCOM will acquire Alphawave Semi for $2.4B, expanding into data centers and AI with high-performance chiplets.