QUALCOMM Incorporated (NASDAQ:QCOM) continues to show strong financials and strategic positioning in the market, attracting considerable attention from investors. This comes in the midst of a projected revenue range of US$10B to US$11B and anticipated strong growth in the smartphone demand sector. Further optimism is instilled by successful product launches resulting in substantial revenue increases, a reaffirmed buy at $240 on growth and AI prospects, and an interesting 37% undervaluation. However, Apple has revealed its first custom modem chip, engendering reliance shifts away from Qualcomm. The QCOM has also encountered a 5% drop as smartphone revenue concerns outweigh Q1's strong earnings. There is still an impressive comeback from the DeepSeek AI dip, and the potential for immense growth in the portable AI sector. Some minor setbacks like legal disputes, licensing revenue outweighing record sales and increased competition do exist but overall, the company maintains a positive trajectory.
Qualcomm QCOM News Analytics from Sun, 03 Nov 2024 07:00:00 GMT to Sat, 01 Mar 2025 12:23:36 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor -4
