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Qualcomm: No-Brainer Buy Opportunity For This Discounted Semi Powerhouse
QualcommQualcomm(US:QCOM) Seeking Alphaยท2024-08-17 14:00
z1bWe previously covered QUALCOMM (NASDAQ:QCOM) in June 2024, discussing its promising entry into the AI chips market, with Microsoft (MSFT) endorsing the ARM-based Snapdragon X Elite CPU chips as the "fastest, most AI-ready PC ever built." With the company in "a new phase of breakthrough," thanks to its well diversified offerings across handset, automotive, broadband, AR/ VR/ XR, and ARM-based AI CPUs, we had reiterated our Buy rating while raising our fair value estimates/ long-term price targets then ...