Qualcomm QCOM had mixed reviews recently, despite surpassing third quarter
expectations and increasing forecasts. While the company's
earnings and
revenue beat estimates, concerns are emerging about the
future growth of the smartphone market. The optimistic outlook for AI integration into mobile phones, robust stock performance and outpacing of the broader market were highlighted.
Revenue from handsets increased 12% YoY. However, negative viewpoints issued warnings about the long-term pick, pointing to slipping stock prices, a CEO warning about flattish phone demand and concerns of sluggish smartphone sales. There are also reports of Qualcomm suing Transsion to protect patent rights and deploying Snapdragon 8 Gen 3 on Galaxy Z series.
Artificial Intelligence and the auto business remain in focus, as potential drivers for further growth. Even though Qualcomm's
stock dipped after earnings, some analysts reaffirmed their ratings and believe the company has multiple pathways to an upside. Its diversification strategy is in progress, making it one to watch.
Qualcomm QCOM News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sun, 04 Aug 2024 18:20:50 GMT -
Rating 0
- Innovation 4
- Information 5
- Rumor 0
