Qualcomm (QCOM) has been steadily earning attention in the market. Despite intermittent fluctuations, analysts maintain a positive investment outlook for the long-term. The company has been pushing forward strategic moves, including a legal battle for advancements in AI era, and has maintained steady trading over time. QCOM has piqued the interest of Everence Capital Management Inc., increasing its shares by 12,610. Amid legal battles, analysts are optimistically eyeing QCOM for an estimated surge of 28.45% in stock prices. Meanwhile, the company is facing challenges in court over its $1.4 billion Nuvia Acquisition. On the positive side however, Qualcomm recently won a licensing fight with Arm over chip designs. The company's CFO sold shares worth $463,850 attributing this move towards uncertainty surrounding the AI market. QCOM is currently working on diversifying, and is partnering with giants like Samsung and Honeywell to enter both the AI phone and energy sector. In a legal breakthrough, QCOM overcame Arm Holdings in a licensing dispute. The company's next earnings report is anticipated to beat estimates. In expansion ventures, QCOM is targeting the PC Market with Snapdragon X Plus Chip and forecasts $26B in revenue by 2029 across PC, Auto, and IoT markets.
Qualcomm QCOM News Analytics from Wed, 07 Aug 2024 07:00:00 GMT to Sat, 04 Jan 2025 16:32:40 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
