Qualcomm: The Underestimated AI Play

JHVEPhoto Qualcomm (NASDAQ:QCOM) reported strong FY Q2'24 results, and since the late 2023 call that the handset recovery is imminent and that the company has become an attractive contrarian play, the stock has been up more than 100%. Data by YCharts I have been writing extensively about Qualcomm on Seeking Alpha, which can be found here. I continue to see that Qualcomm is well positioned to be a key player as on-device AI becomes normalized, and that the company is still often an underestimated AI play. Le ...