QCOM is currently focusing on a deeper foray into the realm of AI capabilities within the laptop and desktop business.
Tata Elxsi is aiming to utilize Qualcomm's snapdragon automotive platforms to drive the adoption of software-defined vehicle technology.
Qualcomm is making a move for the mid-range PC market with a new system-on-chip.
Qualcomm (QCOM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Qualcomm (QCOM) concluded the recent trading session at $153.62, signifying no movement from its prior day's close.
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In the most recent trading session, Qualcomm (QCOM) closed at $158.52, indicating a -0.53% shift from the previous trading day.
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Qualcomm is diversifying beyond mobile handsets into automotive, IoT, and PCs, driven by edge-AI applications, boosting growth and reducing reliance on the mature mobile market. The company's Snapdragon platforms are well-positioned for edge-AI, with significant traction in automotive and IoT, and promising new Snapdragon X processors for PCs. Despite strong financials and growth potential, Qualcomm faces considerable risks from its high dependence on the Chinese market and potential trade tensions.
The average of price targets set by Wall Street analysts indicates a potential upside of 28.5% in Qualcomm (QCOM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Qualcomm (QCOM 3.50%) is innovating in new categories, which is increasing investor enthusiasm.
Jim Lebenthal, Chief Equity Strategist at Cerity Partners, joins CNBC's "Halftime Report" to explain why he's buying more Qualcomm