Qualcomm is experiencing headwinds from Apple-related attrition and memory/storage supply issues, leading to mixed handset performance expected through fiscal 2027. However, the company’s diversification into data center and automotive markets is gaining momentum, supported by a $40 billion non-handset revenue target by fiscal 2029. This shift reflects successful mergers and acquisitions, with a key inflection point anticipated in fiscal 2027. Despite risks like delayed handset recovery and potential memory chip oversupply in 2028, Qualcomm remains a strong buy with a projected 68.9% upside to a long-term price target of $271.30.
Intel's stock fell sharply by 15.7% last week, retreating from its August rally despite strong Q2 results including revenue and AI growth beats. The decline was driven by profit-taking and concerns over a large non-cash charge and cautious PC demand ...
Qualcomm shares have declined recently but are viewed as undervalued due to strong growth prospects outside handsets, particularly in data centers and automotive sectors. The company aims to nearly double non-handset revenue to $40 billion by fiscal ...
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 shi...
