Qualcomm's stock has been upgraded back to Buy after a sharp correction brought its valuation to a more reasonable 17 times forward earnings. Despite near-term challenges such as weak Chinese smartphone demand, rising component costs, and Apple's shift away from Qualcomm modems, management's risk mitigation efforts are seen as credible. The handset revenue cycle appears to be bottoming out, while longer-term growth opportunities in AI data centers and advanced driver-assistance systems (ADAS) provide significant upside potential. Qualcomm's diverse product strategy and potential $5–15 billion data center revenue make it an attractive, lower-risk investment as the stock forms a credible bottom and optionalities begin to emerge.
Intel and Qualcomm both rebranded around AI in their recent earnings, but investor reactions diverged. Intel reported strong revenue growth driven by AI-related Xeon server CPUs and data center demand, with supply constraints noted. Qualcomm, meanwhi...
Qualcomm is shifting focus from smartphone chips to AI and data center technology, with handset revenue down 20% but automotive and non-handset segments growing strongly. The company raised its non-handset revenue target to $40 billion by 2029, drive...
Inseego Corp. is participating in carrier evaluations of Licensed Band Radio (LBR) technology, building on its FastMile mmWave portfolio acquired from Nokia. LBR combines licensed mmWave spectrum with high-capacity wireless connectivity to offer fibe...
