AutumnSkyPhotography Qualcomm Incorporated (NASDAQ:QCOM) has come roaring back after the stock was an easy buy around $105. The wireless chip company, pushing into artificial intelligence, or AI, chips, isn’t the same easy money now trading up at nearly $170, but Qualcomm isn’t priced like an AI play yet. My investment thesis remains ultra Bullish on…
Eoneren We previously covered QUALCOMM (NASDAQ:QCOM) in January 2024, discussing why it remained well poised to grow through the decade, thanks to the bottoming of the handset and automotive markets. This was significantly aided by the renewed 5G modem contract with AAPL, its entry into the fiber broadband carrier market, and the upcoming super cycle…
AutumnSkyPhotography QUALCOMM (NASDAQ:QCOM) has rallied 21% since the last article was published (which can be found here). The company has published their FY1Q24 results, and this article will cover my thoughts on the earnings. This was a strong print as top and bottom-line exceeded the high end of the guidance and expectations. The strong results…
JHVEPhoto It has been a rough start for some of 2023’s winners. Specifically, semiconductor stocks have struggled to kick-start the year. I noticed that the first two sessions of January were the worst back-to-back trading days since December 2022 for the VanEck Semiconductor ETF (SMH). After a stellar last 12 months, a pullback might make…
Justin Sullivan I expect Qualcomm (NASDAQ:QCOM) to be a big winner in 2024, as the company is exceptionally well-positioned to capture emerging growth in AI-powered application in Edge computing. In fact, Qualcomm’s management anticipates that first use-cases of device-powered AI applications (e.g., on smartphones), may surface as early as 2024, with a subsequent exponential surge…
The company’s executives stated that it is possible to run such AI models on devices if the chips have enough processing speed and memory. Qualcomm Inc (NASDAQ: QCOM) has unveiled two new chips that are designed to run AI software, including large language models (LLMs), without connecting to the internet. Generative AI applications such as…
Out of the 1,258 job cuts, more than 750 positions are from different levels of Qualcomm’s engineering ranks. The rest of the reductions cover a broad range of roles such as internal technical staff and accounting. American largest chipmaker Qualcomm Inc (NASDAQ: QCOM) will lay off about 1258 employees in its California unit. According to…
Ethan Miller/Getty Images News Investment Thesis Qualcomm (NASDAQ:QCOM) is an American semiconductor firm specializing in mobile and IoT technologies. QCOM saw a pullback in 3Q23 amid weaker-than-expected results and headwinds. Despite this, it remains a market leader, paying a 2.8% dividend yield. The investment case has been reinforced with the renewal of the Apple (AAPL)…
Ethan Miller Investment Thesis With the continuing negative sentiment surrounding Qualcomm (NASDAQ:QCOM), I wanted to take a look at what investors are fearing the most about the company’s outlook and how I think that the company will be able to survive the short-term noise and will reward patient shareholders in the long run. I covered…
Qualcomm Global Senior Vice President Cheng Lixin expressed optimism about the partnership, emphasizing its potential to accelerate the development of China’s metaverse. Chinese tech giant Baidu Inc (HKG: 9888) has announced a strategic partnership with Qualcomm Inc’s (NASDAQ: QCOM) local unit. This collaboration promises to propel the development of Extended Reality (XR) and Generative Artificial…
Qualcomm is expected to supply Apple with Snapdragon 5G Modem-RF Systems for smartphone launches in 2024 through 2026. Apple Inc (NASDAQ: AAPL) will rely on an external supply of modern chips to manufacture modern smartphones that support the 5G network amid delays in in-house production. According to an announcement by Qualcomm Technologies Inc, Apple has…
LD Listen below or on the go on Apple Podcasts and Spotify Deep FTC probe of Qualcomm (QCOM) auto-chip deal reportedly on deck for Wednesday. (00:32) VinFast (VFS) has the 3rd highest auto market cap – SA analysts say Sell while Wall Street is quiet. (01:35) Goldman Sachs (GS) said to urge staff to work…