Qualcomm (QCOM) presents a varied scenario in the technology and AI market. The multinational corporation is deeply engaging in developing and commercializing AI and has announced its collaboration with Honeywell for energy sector transformation. Qualcomm's cheap stock makes it arguably an opportunity for investment.
Qualcomm sees increased potential in diversification and Edge AI, even as it faces competition from emerging players Xiaomi in the AI chip market. Its recent Q4 2024 earnings exceeded expectations, despite analyst projections of vulnerabilities related to Apple's potential chip threat. There's evident positive movement in the company's stakeholding, with entities like Edgestream Partners L.P. and PDT Partners LLC buying shares. Still, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp and Rockefeller Capital Management L.P. cut their stakes.
The company's foray into the automotive and IoT market alongside AI chip expansion, through its Jio partnership, could be viewed as bullish moves. It is setting its sights on a market worth $900 billion by 2030.
However, rumors about a potential acquisition of Intel were dismissed, indicating a shift in strategy. Nonetheless, its Q4 earnings and revenues surpassed estimates, and projections for automotive and PC chip sales stand at $8 billion by 2029.
Bolstered by its robust growth in AI and 5G leadership, QCOM appears to be attracting considerable investor interest despite a decline in interest concerning Intel acquisition.
Qualcomm QCOM News Analytics from Wed, 30 Oct 2024 07:00:00 GMT to Sun, 01 Dec 2024 00:00:00 GMT - Rating 7 - Innovation 5 - Information 6 - Rumor -3
