Qualcomm's stock fell over 11% following a strong rally that saw its price surge about 70% in a month, driven by optimism around AI chip expansion and a major partnership. The recent selloff reflects profit-taking and concerns over challenges in its handset business, including supply constraints and weak smartphone demand in China. Despite this, Qualcomm is diversifying with growth in automotive and AI infrastructure segments. Analysts maintain a cautious stance with a consensus 'Hold' rating and an average 12-month price target below the current price, though some see upside potential if business conditions improve.
Qualcomm has been upgraded to a buy rating due to its strategic shift towards data centers and a growing automotive segment, which are expected to drive future revenue growth. The company aims to double its non-handset revenue to $40 billion by fisca...
A simple tap on a smartphone triggers a complex AI-driven process that spans from touch sensors to cloud computing, cybersecurity, automated warehouses, and last-mile delivery technologies. Key companies like Nvidia, Qualcomm, and Ambarella provide t...
The global industrial semiconductor market, valued at $98.35 billion in 2025, is projected to grow to $329.73 billion by 2035, with a CAGR of 12.86%. Growth is fueled by increasing adoption of AI-powered industrial automation, electric vehicles, smar...
