Qualcomm has underperformed the semiconductor sector with only a 16% return over five years compared to SOXX's 227%, mainly due to its reliance on handsets. However, the company is aggressively diversifying into AI, automotive, and robotics, aiming for $40 billion in non-handset revenue and over $18 EPS by fiscal year 2029. Investors should expect challenges in 2026-2027, including loss of Apple revenue and margin pressures, but growth is projected to resume in 2028 driven by wins with hyperscalers and AI accelerators. The stock is rated a 'Strong Buy' with a $360 per share target for FY 2029.
Apple's stock dropped 3% following reports that it reduced component orders for the iPhone 18 Pro by 15-20% for October due to weaker-than-expected demand and higher memory chip prices. This move impacts Apple and its suppliers like Skyworks, which a...
Arm Holdings shares have jumped nearly 177% this year, driven by strong demand for its AI-focused CPUs and significant data center wins. Despite this rally, a price target model sets Arm's fair value at $284.70, about 6% below its current price of $3...
Qualcomm is currently valued like a smartphone supplier but is expanding significantly into AI and data center markets. The company expects $40 billion in non-handset revenue by 2029, with $15 billion from data centers, driven by new custom silicon d...
Skyworks Solutions stopped paying dividends to fund its $2 billion Qorvo merger, despite beating earnings estimates but facing revenue decline and customer concentration risks. Qualcomm, meanwhile, continued raising its dividend, supported by strong ...
