Qualcomm (QCOM), despite witnessing larger market falls, has been pegged as a strong momentum stock. The company remains in the glare of investor focus due to its ongoing legal battles, one notably involving Arm over chip designs, which Qualcomm won. Moreover, the company announced a new AI program in APAC to enhance on-device innovation, leading analysts to predict its potential surge by over 28%. Recent courtroom victories have led to QCOM stock increasing sporadically, despite some dips in the general market. The company's AI initiatives propelling innovation are not free of challenges. Furthermore, the push towards AI and IoT with Canonical, the launch of the Snapdragon X Plus chip targeting the PC market, and the announcement of a new CTO indicate efforts in spearheading into 6G and beyond. Notably, Qualcomm's stock dipped following rumors of Intel's acquisition. Ongoing courtroom battles and variable market returns create uncertain sentiment around the stock. However, the company's Q4 earnings and revenues surpassed estimates, underlining robust financials. Finally, looking at the long-term, QCOM is perceived as a worthwhile value stock according to Wall Street's bullish views.
Qualcomm QCOM News Analytics from Wed, 31 Jul 2024 07:00:00 GMT to Sat, 28 Dec 2024 13:29:32 GMT -
Rating 2
- Innovation 7
- Information 9
- Rumor 5
