QUALCOMM Incorporated (QCOM)
Chipmaker Qualcomm lays off hundreds of workers in San Diego
Qualcomm, which makes chips for smartphones, said it will lay off 226 workers in San Diego later this year, according to a California WARN notice published this week. The layoffs, which were first reported by the San Diego Union-Tribune, will take effect the week of November 12.
EU court trims Qualcomm fine to 238.7 mn euros
An EU court on Wednesday largely upheld an antitrust fine against US chipmaking giant Qualcomm but reduced the penalty slightly to 238.7 million euros ($265 million).
Qualcomm: A Good Opportunity In The AI Handsets Market
Qualcomm's strong modem technology and integration of modems, RF, and CPUs into single chipsets position it as a leader in smartphones and emerging technologies. Expansion into automotive, IoT, and AI PCs, with the Snapdragon Digital Chassis and a significant share of the $1.1 trillion IoT market by 2028. Valuation suggests a price target of $363.1 per share, a 116.5% premium over the current price, indicating a strong buying opportunity.
EU court largely confirms Qualcomm's EU antitrust fine
Europe's second-top court largely confirmed on Wednesday an EU antitrust fine imposed on U.S. chipmaker Qualcomm , revising it down slightly to 238.7 million euros ($265.5 million) from an initial 242 million euros.
Qualcomm: The AI Growth Inflection Point Is Close (Rating Upgrade)
Qualcomm stock endured a 35% bear market before bottoming in August 2024. However, it has struggled to replicate its recent success. Its entry into AI PCs and potential share gains in AI smartphones should underpin its return to topline growth. Qualcomm's automotive diversification efforts have delivered a solid performance recently amid a growth normalization phase in EVs.
QCOM Boosts Digital Transformation in Saudi Arabia: Stock to Gain?
Qualcomm and Aramco team up to accelerate digital transformation in industrial operations leveraging Advanced AI and 5G technologies.
Is Most-Watched Stock QUALCOMM Incorporated (QCOM) Worth Betting on Now?
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.
Qualcomm's Q4 Outlook: Big Moves Ahead
QCOM trades at $175 with the potential to reach $196, supported by bullish RSI and VPT trends but a caution for short-term pullbacks. Qualcomm posted Q3 2024 revenue of $9.4 billion (+11% YoY) with EPS of $2.33 (+25%), beating guidance. IoT and automotive revenues reached $1.4 billion and $811 million, with automotive growing 87% YoY.
Why Qualcomm (QCOM) is a Top Momentum Stock for the Long-Term
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Qualcomm Shares Gain 52% in the Past Year: Reason to Buy QCOM Stock?
QCOM appears to be treading in the middle of the road and investors could be better off if they trade with caution.
Qualcomm: Strong Tailwinds Can Prove Naysayers Wrong
Qualcomm is showing strong tailwinds in many segments including automotive, notebooks, and new devices like smart glasses. We are already seeing significant up revisions in the revenue and earnings which should have a positive impact on the stock in the near term. Qualcomm stock is one of the cheapest chip stocks with good forward EPS growth projections.
Why Is Qualcomm (QCOM) Up 3.4% Since Last Earnings Report?
Qualcomm (QCOM) reported earnings 30 days ago. What's next for the stock?
