Qualcomm has recently been making headlines due to its approach towards Intel regarding a potential takeover. This move is speculated to enhance its entry into the PC market and improve its AI product line. Despite this, it has been noted that Qualcomm is about to lose its modem revenue. The mention of the exploration of Intel's chip design business makes Qualcomm an AI stock to keep an eye on. It was also reported that Qualcomm's EU antitrust fine had been confirmed, although with a minor reduction. Additionally, Qualcomm's compound annual growth rate of 20% was highlighted as outperforming the company's earnings over the past five years. The company's stocks fluctuated, seeing both gains and dips while the market performed positively. An interesting trend among billionaires, according to reports, shows Qualcomm becoming a new favorite AI stock. Furthermore, the company completed Q3 with solid revenue and surpassed earnings estimates. Qualcomm's push into AI includes the integration of AI into mobile phones and working on mixed-reality glasses with Google and Samsung. Some sources have revealed potential concerns about sluggish smartphone sales ahead despite Qualcomm's strong tailwind potential.
Qualcomm QCOM News Analytics from Thu, 11 Jul 2024 07:00:00 GMT to Sun, 22 Sep 2024 19:27:23 GMT -
Rating 6
- Innovation 7
- Information 9
- Rumor -2
