Qualcomm Incorporated (NASDAQ:QCOM) is seemingly gaining strong momentum in the market, especially with its advancements in AI technology. Qualcomm's stocks rallied following the rollout of their new Snapdragon chip, further indicating active growth. Reports indicate that Qualcomm is now exploring the acquisition of certain parts of Intel to bolster its chip-design business. Qualcomm's Q4 outlook indicates potential significant shifts. The company's AI stocks have trended this week, coupled with the unveiling of a new AI PC chip. Insider sales such as those by CFO & COO Akash Palkhiwala have not deterred investors. In the past year, Qualcomm's shares have grown by around 52%. The realization of AI integration in mobile phones has benefited Qualcomm immensely, with Qualcomm's stock rising 40% this year due to surges in its AI and auto businesses. Strong tailwinds look set to overturn objections from Qualcomm's detractors. Legal actions were taken by Qualcomm (QCOM) against Transsion to protect patent rights. Analysts are now bullish on Qualcomm, with the stock beating estimates and phone chip sales up by 12%.
Qualcomm QCOM News Analytics from Wed, 06 Mar 2024 08:00:00 GMT to Sun, 08 Sep 2024 20:18:57 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor 4
