Qualcomm (QCOM) has been performing robustly with strong Q4 2024 earnings that have surpassed analysts' expectations, leading to a surge in its share prices. The chipmaker has earned impressive revenue and EPS, thereby beating Wall Street estimates. Because of strong sales to Chinese smartphone makers, Qualcomm's outlook has topped estimates, resulting in growing stock market interest. Stability conditions in the premium handset market have led Morgan Stanley to maintain an 'equal weight' rating on Qualcomm, despite lowering its price target. Stock buybacks have also been yet another exciting development, with Qualcomm announcing a $15 billion stock repurchase. In alliance with Google, the company is poised to drive AI-powered automotive innovation and diversification into automotive and AI sectors. Yet, there are analysts concerns about Apple's chip threat causing a significant headwind for Qualcomm. Nevertheless, its Q4 results have justified investment and its stock is still considered a buy.
Qualcomm QCOM News Analytics from Wed, 16 Oct 2024 07:00:00 GMT to Sat, 09 Nov 2024 20:18:22 GMT -
