This stock could better connect with consumers amid a coming smartphone upgrade cycle.Perhaps no stock has prospered more from artificial intelligence (AI) than Nvidia. The semiconductor company leading in the development of AI chips brought triple-digit revenue and earnings growth, and at one point, the stock was up 1,000% from its late 2022 low.Although Nvidia will likely dominate the AI chip space for the foreseeable future, investors appear to have had second thoughts on Nvidia stock as a high valuation ...

Qualcomm, which makes chips for smartphones, said it will lay off 226 workers in San Diego later this year, according to a California WARN notice published this week. The layoffs, which were first reported by the San Diego Union-Tribune, will take effect the week of November 12.The layoffs affect employees at 16 facilities across San Diego, including the company’s headquarters, which has a cybersecurity presence. It’s unclear if the cybersecurity team is affected, and a Qualcomm spokesperson declined to say ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain An EU court on Wednesday largely upheld an antitrust fine against US chipmaking giant Qualcomm but reduced the penalty slightly to 238.7 million euros ($265 million). The European Union hit Qualcomm with a fine of 242 million euros in 2019 after it found the company had engaged in "predatory p ...

Qualcomm (NASDAQ: QCOM ) is a major player in the tech industry, specializing in mobile chipsets and wireless communication solutions. The company's Snapdragon processors are widely used in top smartphones, and its modem and RF technologies are crucial for fast, reliableInvesting in high-growth opportunities across industries, employing a value investing approach that prioritizes robust business models and strategic foresight. Focusing on companies with the potential to profoundly influence the global lands ...

Core Viewpoint - Qualcomm has faced a significant bear market, with a 35% decline from its peak in June 2024, but recent earnings have calmed investor nerves and indicated potential growth in AI and automotive sectors [1][2]. Group 1: Financial Performance and Market Position - Qualcomm's fiscal third-quarter earnings exceeded Wall Street estimates, suggesting increased market confidence in its AI growth prospects [2]. - The automotive segment saw an 87% revenue increase, highlighting Qualcomm's successful diversification efforts beyond its core handset business [2]. - Qualcomm's premium market share in smartphones has grown to 31%, up from 21%, indicating strong demand for AI-capable devices [2]. Group 2: Competitive Landscape and Future Opportunities - Intel's challenges in its foundry roadmap may provide Qualcomm with a competitive edge in the AI PC market, which is projected to account for 50% to 60% of overall PC shipments by 2027 [3]. - Qualcomm's entry into the AI PC market is seen as timely, leveraging its mobile processor expertise, although significant market share gains may not be realized without stronger forward guidance [3]. Group 3: Growth Outlook and Investor Sentiment - Qualcomm is expected to return to topline growth and maintain stability through FY2026, but profitability growth is anticipated to be modest, leading to cautious investor sentiment [4]. - Despite a "D-" growth grade indicating skepticism about diversification efforts, Qualcomm's strong profitability grade suggests it remains a fundamentally strong stock [4][5]. - The stock has shown robust buying sentiment around the $150 support level, with an upgrade to "Buy" justified based on improved risk/reward profile [5].

Qualcomm Technologies, Inc. (QCOM) recently announced that it has collaborated with Aramco to deploy generative AI-powered Internet of Things (IoT) solutions to accelerate digital transformation initiatives in Saudi Arabia. The leading-edge solutions are designed to improve efficiency, safety and sustainability in industrial operations.The solution suite includes a Rapid Response Solution that bolsters situational awareness and minimizes operational disruptions with the help of on-device AI and computer vis ...

Qualcomm (QCOM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this chipmaker have returned -3.8% over the past month versus the Zacks S&P 500 composite's +3.5% change. The Zacks Wireless Equipment industry, to which Qualcomm belongs, has gained 3.7% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or rumors a ...

Buoyed by a holistic growth model, Qualcomm Incorporated (QCOM) shares have gained 52% over the past year compared with the industry’s growth of 46.9%. It has outperformed Hewlett Packard Enterprise Company (HPE) but lagged Broadcom Inc. (AVGO) — a couple of other major players in the industry.Qualcomm is increasingly focusing on the seamless transition from a wireless communications firm for the mobile industry to a connected processor company for the intelligent edge. The company is well-positioned to mee ...

JHVEPhoto Qualcomm (NASDAQ:QCOM) continues to be in a correction mode after hitting a June peak of over $225. The stock is currently trading at over 20% below the recent peak despite beating revenue and earnings estimates in the recent earnings. However, the stock is quite cheap when we look at some of the key tailwinds in various business segments. The automotive business reported an 87% YoY growth and has seen good growth projections for the future as the auto industry tries to build “smarter cars”. T ...

QUALCOMM Incorporated (NASDAQ:QCOM) Deutsche Bank 2024 Technology Conference August 29, 2024 2:00 PM ET Company Participants Akash Palkhiwala - CFO & COO Conference Call Participants Ross Seymore - Deutsche Bank Ross Seymore All right everyone, let's get started with the next fireside chat. We're very pleased to have Akash Palkhiwala, the CFO and COO. I think from last year -- I don't know, when the COO happened? Akash Palkhiwala This January. Ross Seymore So since last year, we've added another C title ...