Qualcomm (QCOM) ended the recent trading session at $166.94, demonstrating a -1.16% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.96%. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq decreased by 1.18%.Shares of the chipmaker have appreciated by 6.77% over the course of the past month, underperforming the Computer and Technology sector's gain of 7.35% and outperforming the S&P 500's gain of 4.3%.The in ...

When I last covered Qualcomm (NASDAQ: QCOM ) in late May 2024, the stock was ramping up sharply within a strong bull trend and was in the process of rallying toward its all-time high of $230.63 on June 18th. On the positiveAnalyst’s Disclosure: I/we have a beneficial long position in the shares of QCOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are th ...

In the latest market close, Qualcomm (QCOM) reached $170.05, with a -0.05% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.38%.The chipmaker's stock has dropped by 2.95% in the past month, falling short of the Computer and Technology sector's gain of 1.78% and the S&P 500's gain of 2.06%.The upcoming earnings release of Qualcomm will be of great interest to investors. The comp ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Qualcomm (QCOM) .Qualcomm currently has an average brokerage recommendatio ...

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].