The **stock value** of Qualcomm (QCOM) has oscillated recently due to a range of market drivers, underpinning both investor interest and concern. The company set out plans to potentially **acquire Intel**, which they plan to decide on after the forthcoming election. Contemplation about this news led to a temporary dip in Qualcomm's stock, presenting a buying opportunity for investors. Analysts also foresee a 50% surge in Snapdragon 8 Gen 4 shipments by late 2024. Furthermore, Qualcomm continues to venture into AI, expecting to ship 44 million units of AI-powered PCs by 2024. The company has expanded its industrial IoT portfolio by acquiring Sequans Communications’ 4G IoT technologies and deepening a collaboration with Honeywell to develop AI-enabled solutions for the energy sector. Geared towards AI, Qualcomm has caught the attention of prominent analysts, with high institutional ownership and strong predictions for FY2026 earnings. Conversely, concerns lie with Qualcomm’s prospective Intel acquisition given the high costs and regulatory hurdles, along with uncertainty about the growth of the Edge AI market.
Qualcomm QCOM News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 19 Oct 2024 15:20:30 GMT -
Rating 6
- Innovation 6
- Information 8
- Rumor 2
