Qualcomm (NASDAQ:QCOM) stock recently announced a groundbreaking partnership with Microsoft to power the next generation of AI-powered personal computers. This strategic alliance marks a significant milestone for both companies. It also opens up a vast array of opportunities in the rapidly expanding AI world. The collaboration will utilize Qualcomm’s Snapdragon X platform known for its performance and energy efficiency. The partnership integrates Qualcomm’s AI chips into Microsoft’s surface PCs to enhance u ...

It was clear last fall that Qualcomm (NASDAQ:QCOM), the longtime leader in phone modems, needed a new growth story. Qualcomm stock had a terrible 2023. Sales fell 19% and net income by 43%. CEO Cristiano Amon talked about a “challenging environment.” Phone sales were weak, especially in China. That also dropped licensing revenues. Apple (NASDAQ:AAPL) also renewed its promise to stop buying Qualcomm modems. The new date for losing that business is 2027.It seems devices weren’t ready for the AI revolution and ...

5G technology is one of those innovations that are so transformative that they create entirely new sectors for investors.Investing in 5G is not merely about buying tech stocks or even specific niches like entertainment or streaming. Instead, investing in 5G encompasses all these areas and then some. This wireless technology promises more than just faster speeds and improved latency; it represents a foundational shift in how we connect and interact with technology.Get investing news alerts:By now, you've lik ...

证券研究报告 | 公司动态点评 2024 年 05月 08日 高通（NASDAQ:QCOM） FY24Q2 净利润稳健增长，持续推动终端侧 AI 变革 财务指标 FY2022A FY2023A FY2024E FY2025E FY2026E 买入（维持评级） 营业收入（百万美元） 44,200.00 35,820.00 38,560.23 42,786.43 46,222.18 股票信息 增长率yoy（%） 31.68 -18.96 7.65 10.96 8.03 归母净利润（百万美元） 12,936.00 7,232.00 9,938.83 12,107.11 13,913.81 行业 通信 增长率yoy（%） 43.05 -44.09 37.43 21.82 14.92 2024年5月7日收盘价（美元） 180.15 ROE（%） 71.81 33.51 35.48 33.78 31.03 总市值（百万美元） 201,047.00 EPS最新摊薄（美元） 11.59 6.48 8.91 10.85 12.47 流通市值（百万美元） 201,047.00 P/E（倍） 15.54 27.80 20.23 1 ...

JHVEPhoto Qualcomm Incorporated (QCOM) reported its second quarter 2024 earnings on May 1, 2024. The company delivered a passable quarter, considering the primary end markets for its chips, smartphones, and consumer electronics are still emerging from a severe downturn. The company delivered a slight beat of $39.41 million on $9.39 billion in revenue. Its continued margin expansion led to Qualcomm recording an earnings-per-share ("EPS") of $2.44, beating consensus analyst estimates by $0.12. The stock r ...

Nvidia dominates the semiconductor realm, but one of its rivals is quietly gaining some momentum.Semiconductors are a core pillar in the emerging artificial intelligence (AI) revolution. Yet the chip space is largely dominated by just two players: Nvidia and Advanced Micro Devices. However, other companies are beginning to make inroads in the industry as well. Qualcomm (QCOM 0.85%) has spent the last several months instituting new cost reduction policies while simultaneously combatting its larger cohorts in ...

Nvidia hasn't been able to make much of a dent in the automotive chip market, but there is one company that's winning big in this space.Nvidia has been one of the top-performing stocks on the market in the past year with outstanding gains of 215%, which is not surprising as the company has absolutely dominated the market for artificial intelligence (AI) chips and witnessed remarkable growth in its revenue and earnings.However, there is one business where Nvidia is still lacking. The company's revenue from t ...

The Wall Street skyscrapers still rise above the city, but investors are not as confident as they used to be. Fear of an imminent collapse hinders movements and prevents high profits, as no one wants to invest in a falling asset. However, panic is not logical and usually brings missed opportunities. Buying a cheap asset and waiting for the market to recover is a time-tested strategy. To implement it, you need to choose an asset with long-term potential that can be dragged into short-term chaos. Today we wil ...

会议纪 要 证 券研究 报 告 电子 2024年 05月10日 高通（QCOM）FY2024Q2业绩点评及法说会纪要 会议时间：2024年5月1日 汽车业务强势增长，消费电子维持端侧 AI 领先地位 会议地点：线上 有望受益行业趋势   事项： 华创证券研究所 2024年5月1日高通发布2024财年第二财季报告，并召开业绩说明会。公司财 务季度FY2024Q2截至2024年3月24日，与自然季度CQ2024Q1相近，以下 证券分析师：耿琛 表述均为自然季度。 电话：0755-82755859 邮箱：gengchen@hcyjs.com  评论： 执业编号：S0360517100004 1. 业绩总览：高通 24Q1 实现营收 93.89 亿美元（YoY+1.23%，QoQ-5.50%）， 证券分析师：岳阳 公司指引区间为 89-97 亿美元。净利润 23.26 亿美元（YoY+36.50%，QoQ- 15.94%）；实现毛利率 56.27%（同比提高 1.89pct，环比下滑 0.58pct）；净利率 邮箱：yueyang@hcyjs.com 24.77%（同比提升 34.78pct，环比下滑 11.0 ...

Investment Rating - The report maintains a "Buy" rating for Qualcomm (QCOM-US) with a target price of $191, based on strong demand in the high-end smartphone and automotive markets, as well as growth potential from edge AI [2][4]. Core Insights - Qualcomm's Q2 FY24 performance exceeded expectations, with GAAP revenue of $9.39 billion, up 1% year-over-year, and net profit of $2.33 billion, up 25% year-over-year. The company expects Q3 FY24 revenue to be between $8.8 billion and $9.6 billion [2][12]. - The strong performance in the smartphone segment is driven by structural demand, particularly in the high-end Android market, with a notable 40% year-over-year revenue growth from Chinese OEMs in FY24 H1. The automotive sector also shows robust growth, with a 35% year-over-year increase in revenue [2][12]. - The report highlights the potential of edge AI to enhance revenue growth, with upcoming Snapdragon XElite and XPlus platforms expected to provide AI computing solutions that could increase average selling prices and market share in high-end devices [2][12]. Summary by Sections 1. Performance Overview - Qualcomm's Q2 FY24 revenue and net profit surpassed market expectations, with revenue of $9.39 billion and net profit of $2.33 billion. The company anticipates Q3 FY24 revenue to align with market expectations [2][12]. 2. Segment Performance - The QCT segment generated $8.03 billion, with smartphone revenue at $6.18 billion (77% of total revenue) and automotive revenue at $600 million, reflecting a 35% year-over-year increase [2][11]. 3. Investment Recommendations - The report adjusts revenue forecasts for FY2024E/FY2025E/FY2026E to $38.25 billion, $42.75 billion, and $45.84 billion, respectively, with net profit estimates of $11.97 billion, $15.97 billion, and $18.33 billion. The expected growth rates are 7%, 12%, and 7% for revenue, and 26%, 33%, and 15% for net profit [2][12].