Market optimism around
Qualcomm (QCOM) is growing despite a dip in the broader market. Analysts and asset management firms - including Constitution Capital, Eagle Rock Investment, Merit Financial Group, and Procyon Advisors - are
increasing their stakes due to its diversified business and strong growth prospects. Bernstein has referred to QCOM as the 'Rodney Dangerfield' of chips, but hints at a positive change. The extension of
Alphawave acquisition discussions deadline could indicate a potential merger. QCOM's recent significant moves, such as its
acquisitions of Autotalks to advance Vehicle-to-Everything (V2X) communication and autonomous driving technologies, re-entering the data center market via
collaboration with Nvidia, and the expansion into Artificial Intelligence (AI), all result in deep value prospects. The focus on
on-device AI and IoT helped drive Q1 revenue above expectations. Pending projects also include the launch of data center processors linking to Nvidia chips. However, the firm faces challenges, shown by a dip in share prices and the soft revenue outlook predicted.
Qualcomm QCOM News Analytics from Mon, 10 Mar 2025 07:00:00 GMT to Sat, 07 Jun 2025 10:38:50 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor 5
