Qualcomm's stock has fallen 25.81% year to date and 16.45% over the past year, pressured by losses in key smartphone accounts like Apple. Despite this, the company shows growth in automotive and data center segments, with automotive revenue rising 15% year over year and new data center ventures through Alphawave Semi. Goldman Sachs initiated coverage with a Neutral rating and a $135 price target, reflecting cautious optimism as Qualcomm diversifies beyond handsets. The stock's future depends on stabilizing handset revenues and successful expansion in automotive and data centers amid industry challenges.
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...
