Core Viewpoint - Qualcomm is a leading technology company with a strong position in wireless technology and semiconductor products, particularly in the development of 5G technology, despite facing competition from Intel and MediaTek [1] Group 1: Stock Performance and Ratings - Cowen & Co. maintains a "Buy" rating for Qualcomm, with the stock currently trading at $148.89, reflecting a 1.16% increase [2] - The stock experienced a recent 26% drop due to short-term DRAM shortages affecting handset revenues, yet it remains a strong investment [2] - Qualcomm's stock has fluctuated between $148.17 and $152.17 during the trading day, with a 52-week high of $205.95 and a low of $120.80 [4] Group 2: Financial Metrics and Growth Segments - Qualcomm's forward earnings multiple is less than 12, indicating potential undervaluation [3][5] - The automotive segment posted record sales of $1.1 billion, representing a 15% increase, while the IoT segment grew by 9% [3] - Management has set a revenue target of $22 billion for the automotive and IoT segments by 2029 [3] Group 3: Margins and Capital Returns - Qualcomm's QCT margins remain strong at 31%, supporting robust capital returns [3][5] - The trading volume today is 18,559,160 shares on the NASDAQ exchange, indicating significant investor interest [4]

Here's the here's the piece that I think Qualcomm investors want to push on though, and that's the premium premiumization trend in the smartphone market. You and I have been talking about this for several quarters in China. Elsewhere, people have been going up market. Up market, we have Apple and Samsung at the top.They're big enough that they can pull some levers, charge people enough for phones to to still get their phones out. To what degree might some of these other Chinese OEMs be able to do something ...

Market Overview - The S&P 500 dropped to an over two-week low, while the Nasdaq sank to its lowest level in more than two months, driven by renewed pressure on the AI theme following Alphabet's spending plans and Qualcomm's downbeat forecast [1][3] - The Dow Jones Industrial Average fell nearly 400 points, or 0.8%, to 49,113, with the S&P 500 losing 0.9% and the Nasdaq dropping 230 points, or 1% [1][3] Company-Specific Developments - Alphabet's shares fell over 3% after announcing it would double its capital expenditure this year, indicating an aggressive push in the AI sector [3][8] - Qualcomm's stock slid 8.2% after forecasting second-quarter revenue and profit below estimates, contributing to the overall market decline [3] - Microsoft and Tesla also experienced declines of 3.4% and 3.7%, respectively, as the pressure spread across tech mega-caps [3] Investment Trends - Big Tech is expected to invest more than $500 billion into infrastructure this year, raising concerns about high valuations and the timing of returns [4] - The CBOE volatility index rose 3.8 points to 20.49, reaching an over two-month high, reflecting increased market anxiety [4] Sector Performance - The S&P 500 software and services index fell 3.2%, marking a seventh consecutive session in the red and erasing approximately $830 billion in market value since January 28 [10] - Software and data services stocks, such as ServiceNow and Salesforce, saw declines of 5% and 4%, respectively, as investors reacted to disappointing earnings [6] Market Sentiment - There is a growing sentiment that rapidly improving AI tools may negatively impact demand for traditional software, leading to reduced growth expectations across the sector [7] - Amid risk-off sentiment, silver and gold resumed a decline, with silver plunging almost 13% [10][11] - The market is witnessing a rotation into cheaper, overlooked sectors, with consumer staples being the only sector trading in the green [13]

高通公司首席执行官：不存在需求问题，也不存在内存供应问题。 来源：滚动播报 ...

Core Insights - The report summarizes significant analyst rating adjustments that could influence market trends, highlighting both upgrades and downgrades across various companies [1]. Upgrades - B. Riley upgraded Snap (SNAP) from Neutral to Buy, maintaining a target price of $10, citing strong growth in high-end subscription revenue and the rollout of high-margin advertising formats [5]. - Seaport Research upgraded FuboTV (FUBO) from Neutral to Buy with a target price of $3, viewing current uncertainties as a quality investment opportunity following a significant stock drop post-earnings [5]. - Wolfe Research upgraded Zoom Video Communications (ZM) from Peer Perform to Outperform, setting a target price of $115, anticipating a re-acceleration in growth and strong performance in its contract center and phone business [5]. - Jefferies upgraded Celanese (CE) from Hold to Buy, raising the target price from $43 to $86, suggesting it is a good time to buy despite potential earnings volatility in the first half of 2026 [5]. - Cantor Fitzgerald upgraded DigitalOcean (DOCN) from Neutral to Overweight, increasing the target price from $47 to $68, emphasizing its focus on digital-native enterprises and a strong foundation for market expansion [5]. Downgrades - Stifel downgraded Microsoft (MSFT) from Buy to Hold, reducing the target price from $540 to $392, citing supply issues with Azure and strong competition from Google Cloud [5]. - Susquehanna downgraded Qualcomm (QCOM) from Positive to Neutral, lowering the target price from $210 to $140, recommending a wait-and-see approach due to industry challenges [5]. - Citigroup downgraded Six Flags Entertainment (FUN) from Buy to Neutral, cutting the target price from $25 to $20, citing overvaluation after a 40% increase since November [5]. - Jefferies downgraded Steven Madden (SHOO) from Hold to Underperform, lowering the target price from $37 to $30, highlighting ongoing pressures in its wholesale business [5]. - JPMorgan downgraded Corteva (CTVA) from Overweight to Neutral, raising the target price from $75 to $77, based on valuation considerations [5]. Initiations - Benchmark initiated coverage on Cava Group (CAVA) with a Buy rating and a target price of $80, recognizing its leading position in the Mediterranean dining category [5]. - H.C. Wainwright initiated coverage on Incyte (INCY) with a Buy rating and a target price of $135, noting potential catalysts that could stabilize revenue expectations post-Jakafi patent expiration [5]. - Bernstein initiated coverage on Coupang (CPNG) with an Underperform rating and a target price of $17, favoring companies with strong growth potential driven by online penetration [5]. - Benchmark initiated coverage on Andersons (ANDE) with a Buy rating and a target price of $75, highlighting the growth momentum in its ethanol business [5]. - Bank of America initiated coverage on Wave Life Sciences (WVE) with a Buy rating and a target price of $38, emphasizing the differentiated advantages of its obesity drug WVE-007 [6].

Market Overview - Global markets experienced a significant downturn, with major indices in the US suffering substantial losses. The Dow Jones dropped approximately 600 points, while the Nasdaq fell nearly 2% [1][2]. Stock Performance - Major technology stocks faced considerable declines, including Qualcomm (-7.58%), Oracle (-4.55%), Google (-4.51%), Amazon (-4.38%), and Tesla (-3.66%) [3]. - Alphabet, the parent company of Google, saw its stock decrease by 4% following its announcement of expected capital expenditures related to artificial intelligence, which could reach up to $185 billion by 2026 [7][8]. Commodities and Cryptocurrencies - Precious metals experienced sharp declines, with silver prices plummeting over 16% [3]. - Oil prices also fell significantly during this period [4]. - Bitcoin dropped below the $70,000 mark, settling at $67,000, indicating a loss of interest from traditional investors and a growing pessimism regarding cryptocurrencies [5]. Economic Indicators - Concerns about the labor market intensified, with US employers announcing 108,435 layoffs in January, the highest number for that month since the global financial crisis [8]. - Initial jobless claims for the week ending January 31 exceeded expectations, further contributing to a negative market sentiment [8]. - The US Bureau of Labor Statistics reported that job vacancies fell to their lowest level since September 2020 by December 2025 [9].

Stocks have moved sharply lower during trading on Thursday, with the major averages all moving to the downside following the mixed performance seen in the previous session.The tech-heavy Nasdaq has shown another particularly steep drop, tumbling to its lowest intraday level in well over two months.Currently, the major averages are just off their lows of the session. The Nasdaq is down 356.26 points or 1.6 percent at 22,548.32, the S&P 500 is down 86.37 points or 1.3 percent at 6,796.35 and the Dow is down ...

"从行业层面看，内存供应紧张和价格上涨，或将直接决定整个手机市场的整体规模上限。" 全球高带宽内存（HBM）短缺正从数据中心迅速向消费电子领域蔓延，智能手机行业已成为首要承压 环节。这场由人工智能基础设施需求激增引发的"内存危机"，正在对全球电子产品供应链形成结构性冲 击。 全球最大智能手机芯片生产商高通与英国半导体设计企业Arm Holdings相继发出预警，指出HBM的持 续短缺将直接限制智能手机产量。作为全球最大的智能手机处理器供应商，高通首席执行官Cristiano Amon在财报电话会上表示： 据Amon透露，部分客户已表示将在今年削减手机生产计划。据报道，多家主流智能手机制造商正着手 下调其2026年出货目标，其中一家的调整幅度据称高达20%。 这场短缺被普遍视为中长期结构性挑战。英特尔首席执行官陈立武直言："据我所知，短缺局面不会缓 解。"市场研究机构TrendForce进一步预测，今年生产的高端内存芯片中预计将有70%被数据中心吸纳， 消费电子领域的分配份额将持续受到挤压。 内存短缺的影响正在整个电子产品供应链持续传导与深化。芯片制造商联发科本周在分析师电话会议上 坦言，供应状况"正在动态演变 ...

Core Viewpoint - Chip stocks Qualcomm Inc and Arm Holdings PLC are experiencing divergent market reactions, with Qualcomm facing a significant decline due to a disappointing outlook despite beating earnings, while Arm is recovering from earlier losses after reporting better-than-expected earnings and revenue, despite missing licensing sales estimates. Both companies are affected by rising memory-chip prices [1]. Qualcomm (QCOM) - Qualcomm's stock is down 9.4%, trading at $134.77, following downgrades to "neutral" from Susquehanna and BofA Global Research [2]. - The stock has experienced at least 10 price-target cuts and is on track for its worst trading day since April, breaking below the $150 support level, with a year-over-year deficit of 21.9% [2]. - Options volume for Qualcomm is running at four times the intraday average, with the most active contract being the February 160 call [4]. Arm Holdings (ARM) - Arm's stock is up 1.1%, trading at $106.07, despite facing at least 11 price-target cuts, including a reduction from HSBC to $90 from $105 [3]. - The stock rebounded from the $100 level after reaching its lowest point since April, but has lost over 38% in the past 12 months [3]. - Options volume for Arm is three times the typical amount, with the most active contract being the weekly 2/6 110-strike call [4].

记者丨刘雪莹 | 名称 | 现价 | 涨跌幅 ▼ | | --- | --- | --- | | 闪迪 | 616.000 | 5.38% | | 博通(BROADCOM) | 323.170 | 4.91% | | 泰瑞达(TERADYNE) | 279.565 | 3.90% | | 英特尔(INTEL) | 50.080 | 3.05% | | 台积电 | 332.161 | 1.97% | | 科天半导体(KLA) | 1331.395 | 1.85% | | 阿斯麦 | 1362.970 | 1.78% | | ARM | 106.700 | 1.72% | 谷歌一度跌逾6%，目前跌幅收窄。谷歌母公司Alphabet一度跌7.5%，创5月7日以来最大盘中跌幅。亚 马逊盘初跌超3%，该股今日盘后将公布财报。 美股加密货币概念股走低，Strategy跌超7%，Coinbase跌超4%，Circle跌超2%。加密货币市场持续重 挫，比特币向下跌破68000美元。截至发稿，近24小时内，全球加密货币市场超21.5万人被爆仓。 美股部分消费股因业绩不及预期而重挫，雅诗兰黛下跌19%，羽绒服巨头加拿大鹅跌超15 ...