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 fiscal year 2029, offsetting losses from its Apple modem business. Despite a recent 31% decline in share price, Qualcomm's intrinsic value is estimated at $220 per share, suggesting the stock is undervalued by about 23%. Risks remain if support from major cloud providers weakens, but the current risk-reward balance appears favorable given the company's diversification efforts and recent market sentiment.
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...
