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 ...

The expectations are sky-high for Qualcomm (NASDAQ:QCOM) and other artificial intelligence hardware manufacturers in 2024. Since the prevailing sentiment surrounding Qualcomm is highly optimistic, contrarian investors shouldn’t be too eager to buy Qualcomm stock now.InvestorsPlace contributor Chris MacDonald reported on the analyst community’s highly ambitious projections for Qualcomm. At the same time, the CEO’s share sale seems to tell a different tale. In addition, a well-known tech-gadget manufacturer’s ...

The metaverse has already been through quite the boom-and-bust cycle. The concept burst onto the scene a few years ago, reaching its pinnacle when Mark Zuckerberg renamed his company from Facebook to Meta Platforms (NASDAQ:META). Zuckerberg felt that the metaverse would be a key growth avenue, and the company made a splashy Super Bowl ad to highlight its new direction.However, growth hasn’t been nearly as easy as anticipated. Meta’s Horizon Worlds has seen sparse usership thus far. And other tech innovation ...

Qualcomm (NASDAQ: QCOM) is a prominent player in the semiconductor and telecommunications industries, renowned for its advancements in wireless technology. With a market capitalization of $231 billion, Qualcomm has appreciated by 43% over the past year, significantly outpacing the broader market.Despite a recent 5% decline from its mid-June highs of $230, this dip could represent a strategic buying opportunity for investors.  Qualcomm’s forward P/E ratio stands at 25.09, indicating a fair valuation. This su ...

Emulation falls flat in some cases.The PC market entered a new era last month with the launch of Windows laptops powered by Qualcomm's (QCOM 0.43%) Arm-based central processing units (CPUs). This isn't the first attempt to make Windows on Arm work, but this time around, both Microsoft and the leading PC manufacturers have thrown their weight behind the effort.In general, Qualcomm's CPUs offer solid performance and battery life. Laptops powered by these new chips are getting mostly good reviews, although the ...

Surging over 53% so far in 2024, Qualcomm (NASDAQ:QCOM) stock is seeing strong price appreciation this year. Yes, the stock has dipped recently, but it has seen robust demand materialize into a rising stock price.The question is whether this growth can continue. The Mizuho Group thinks so, placing a $240 price target on the stock, adding more optimism for Qualcomm investors.With its strong revenue from its automotive segments, the company saw a 35% increase in the previous quarter. This places Qualcomm in a ...