There is ongoing investor interest in Qualcomm (QCOM) as it consistently outperforms broader market trends. The historical performance of QCOM suggests solid returns, triggering speculations whether Qualcomm is potentially the 'Next Nvidia.' Qualcomm's stock has risen over 40% this year thanks to AI integration into mobile devices and surges in its Auto Business. The company's Q3 earnings have superseded expectations, and its stocks have seen an improved RS rating. Its artificial intelligence stocks have been highlighted to have greatly appealed to institutional investors and renowned billionaires.
However, the stocks have experienced intermittent dips. Qualcomm is rumored to find interest in Intel's chip-design business, possibly boosting its market position. Qualcomm's Snapdragon 8 Gen 3 has been successfully deployed on Galaxy Z. Yet, concerns over sluggish smartphone sales dampened stock performance slightly.
Qualcomm's AI and Auto Business are expected to be the focus in published Q3 earnings reports. Qualcomm's return on capital and strategies to enhance this also gather attention. The AI stock is trending, and it's considered a strong momentum stock for long-term investment.
Qualcomm QCOM News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sun, 15 Sep 2024 19:37:50 GMT - Rating 8 - Innovation 7 - Rumor -5
