QUALCOMM (QCOM) has been labeled as the best cheap tech stock by hedge funds and regarded as undervalued by analysts who predict a 'resurgence' by 2025. Its stocks have witnessed a rise and fall in the market, but the overall sentiment seems positive with several investors increasing their stakes; Amundi purchased 3,905,918 shares and Arizona State Retirement System acquired more shares. High-profile LLCs also boosted their holdings, while significant sale of stocks was noticeable too. QCOM's technological advancements in 5G, AI, and Wireless Evolution are noteworthy. Several analysts have put forth bullish estimate for Qualcomm’s Q2 earnings and the reaffirmation of the 'Buy' rating at $240 hints at strong growth and AI prospects. However, the release of Apple's custom modem chip signifies competitive market dynamics.
Qualcomm QCOM News Analytics from Fri, 24 Jan 2025 08:00:00 GMT to Sat, 08 Mar 2025 13:22:39 GMT -
Rating 7
- Innovation 7
- Information 9
- Rumor 5
