Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Qualcomm (QCOM) , which belongs to the Zacks Wireless Equipment industry.This chipmaker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 4.82%.For the most recent quarter, Qualcomm was expected to post earnings of $2.25 per share, b ...

Generative AI-enabled smartphones and computers could send this underperforming chip stock on a bull run.Artificial intelligence (AI) has been a game changer for many companies that are capitalizing on the growing adoption of this technology, and it's sending their shares soaring. From Nvidia to Palantir Technologies to Oracle to SoundHound AI, companies across diverse industries have seen their stocks pop. The rapid rise in the stock price of such companies has made them expensive to buy right now. Nvidia, ...

HOUSTON, Oct. 9, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) and Qualcomm Technologies, Inc. today announced an expanded collaboration to develop new artificial intelligence (AI)-enabled solutions for the energy sector. The design and development of these solutions with Qualcomm Technologies supports Honeywell's alignment of its portfolio to three compelling megatrends, including automation.Through the collaboration, Honeywell intends to incorporate Qualcomm Technologies' connectivity and AI capabilities i ...

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 ...