Investors looking to benefit from the growing adoption of AI smartphones should consider buying this chip stock while it is still cheap.Shares of Qualcomm (QCOM 2.66%) have enjoyed healthy gains of over 20% year to date, despite dropping 20% from the 52-week high it hit on June 18.However, there is a good chance this semiconductor stock could come out of this slump when it releases its fiscal 2024 third-quarter results on July 31. Let's see why that may be the case.Improving smartphone demand could help Qua ...

Qualcomm Inc‘s QCOM shares dropped 13% in just a month; this presents an excellent entry point for investors looking to capitalize on a promising upswing driven by artificial intelligence adoption.That’s according to to JPMorgan analyst Samik Chatterjee, who revised the price target upwards to $235 for December 2025 — a potential 34% upside. The “share price pull-back offers entry point,” Chatterjee noted."We see double-digit revenue growth consistently in the medium-term," he added. Qualcomm’s strategic fo ...

Wall Street analysts forecast that Qualcomm (QCOM) will report quarterly earnings of $2.25 per share in its upcoming release, pointing to a year-over-year increase of 20.3%. It is anticipated that revenues will amount to $9.19 billion, exhibiting an increase of 8.7% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timefra ...

QUALCOMM TodayQCOMQUALCOMM$177.70 -3.37 (-1.86%) 52-Week Range$104.33▼$230.63Dividend Yield1.91%P/E Ratio23.88Price Target$199.63Add to WatchlistEquities across the board are starting to soften after months of gains, making it a good time to go bargain-hunting. Many of the stocks that have enjoyed triple-digit percentage gains this past year are also facing some of the heavier selloffs. Qualcomm Incorporated NASDAQ: QCOM, a semiconductor tech stock, for example, is in the middle of a 20% drop after a 120% r ...

An exciting segment within the equities space, augmented reality stocks center on a mainline catalyst: the prospect for tremendous growth.According to Grand View Research, the global AR market reached a valuation of $57.26 billion last year. By 2030, experts project that the segment could expand at a compound annual growth rate (CAGR) of 39.8%. If so, the ecosystem may be worth $597.54 billion at the forecast culmination point.On a fundamental level, AR platforms offer a range of applications and functional ...

Core Viewpoint - The recent pullback in the tech sector has significantly impacted Qualcomm (QCOM) stock, which has shown signs of recovery following a positive trading session and analyst upgrades predicting substantial upside potential [1][2][5]. Group 1: Stock Performance - QCOM stock fell below the $200 threshold, experiencing a 2.92% decline last month and extending losses to 7.15% over five days due to intensified sell-offs [1]. - A recent trading session saw QCOM recover with a gain of 4.70%, bringing the stock price to $194.97, with pre-market gains of 1.05% further aiding recovery [1]. Group 2: Analyst Insights - Baird analysts upgraded Qualcomm's stock price target from $200 to $250, citing positive initial channel feedback and predicting a potential 30% upside from current levels [2]. - Tigress Financial Partners analyst Ivan Feinseth raised the 12-month target price for Qualcomm to $270, reflecting the company's advantages in AI capabilities and communication technologies [5]. Group 3: Market Demand and Product Development - The procurement estimate for the iPhone 16 has increased to over 90 million units, driven by AI, which is expected to contribute to double-digit increases in average selling prices (ASPs) for Qualcomm's handsets [2]. - Qualcomm is anticipated to benefit from AI integration in high-end Chinese phones and the next-gen Galaxy platform, with rising ASPs and RF component content expected [3]. Group 4: Business Growth and Financial Health - Qualcomm's business is expanding rapidly, driven by revenue from Snapdragon-powered devices, record automotive sales, and opportunities for on-device AI integration [6]. - The company reported a 6.25% dividend increase to $0.85 per share and $1.6 billion in shareholder returns last quarter, including $731 million in stock repurchases, indicating strong financial health [6].

I love Qualcomm (NASDAQ:QCOM). Based in San Diego, Qualcomm develops and commercializes a range of foundational technologies for the wireless industry. With mobile connectivity becoming an increasingly vital concept, the company’s specialized semiconductor products command tremendous prominence. However, as great as Qualcomm stock is, the market is the ultimate arbiter.Right now, the market is saying it’s not comfortable with QCOM’s premium to growth. Last Friday, Qualcomm stock suffered a loss of nearly 3% ...

TAIPEI, TAIWAN - JUNE 3: Lenovo’s Executive Vice President and President Luca Rossi, joins Qualcomm ... [+] President and CEO Cristiano Amon during his Keynote Presentation at COMPUTEX 2024 on “The PC Reborn” Showcasing Where Innovation Creates Disruption in a Mature Industry, in Taipei, Taiwan, on June 3, 2024. (Photo by Billy H.C. Kwok /Getty Images for Qualcomm)Getty Images for QualcommMobile chipset major Qualcomm (NASDAQ: QCOM) is poised to publish its Q3 FY’24 results later this month. The stock has r ...

Qualcomm (QCOM) closed at $209.64 in the latest trading session, marking a +0.7% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.64%. On the other hand, the Dow registered a gain of 1.85%, and the technology-centric Nasdaq increased by 0.2%.Heading into today, shares of the chipmaker had lost 6.32% over the past month, lagging the Computer and Technology sector's gain of 1.06% and the S&P 500's gain of 3.82% in that time.The investment community will be paying close attention to th ...

In a concerted effort to protect its intellectual property rights, Qualcomm Incorporated (QCOM) recently filed a lawsuit against Transsion for alleged patent infringement. This legal action, initiated in the Delhi High Court in India, targets Transsion over four non-standard essential patents as the company seeks to expand its market share in the subcontinent.Transsion, headquartered in Shenzhen, China, is a dominant player in Africa's smartphone market, with its brands Tecno, Infinix and iTel capturing nea ...