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.
Mobile chipset major Qualcomm (NASDAQ: QCOM) is poised to publish its Q3 FY'24 results later this month. The stock has risen by a solid 45% year-to-date, outperforming semiconductor peer Intel, which has plummeted by about 30% over the same period.
In the most recent trading session, Qualcomm (QCOM) closed at $209.64, indicating a +0.7% shift from the previous trading day.
Qualcomm's Snapdragon chips for PCs should be a growth catalyst, opening up an entirely new segment. Qualcomm's auto segment is doing exceedingly well, with about 30% growth. Its sustainable licensing business has margins in excess of 70%.
If successful, the lawsuit could enhance Qualcomm's (QCOM) position in India and potentially open up new licensing opportunities in other emerging markets where Transsion operates.
The expectations are sky-high for Qualcomm (NASDAQ: QCOM ) and other artificial intelligence hardware manufacturers in 2024. Since the prevailing sentiment surrounding Qualcomm is highly optimistic, contrarian investors shouldn't be too eager to buy Qualcomm stock now.
The metaverse has already been through quite the boom-and-bust cycle. The concept burst onto the scene a few years ago, reaching its pinnacle when Mark Zuckerberg renamed his company from Facebook to Meta Platforms (NASDAQ: META ).
Qualcomm (NASDAQ: QCOM) is a prominent player in the semiconductor and telecommunications industries, renowned for its advancements in wireless technology.
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 NASDAQ: QCOM is one of the leading players in the semiconductor industry. The firm has outperformed the market and industry over the past 12 months, with a total return of 75%.
Qualcomm Incorporated is a semiconductor player with growth potential and AI tailwinds, trading at a reasonable valuation. Recent news regarding export licenses and Samsung notebook issues do not change the bullish thesis for Qualcomm. Analysts are forecasting positive revenue and earnings growth for Qualcomm, making it an attractive long-term investment.
Qualcomm (NASDAQ: QCOM ) stock has surged 53% this year as interest in edge AI grew. With a relatively low price-earnings ratio of 27-times, Qualcomm is positioned to continue to move higher.