Qualcomm's stock dropped 30% over three months after a mixed Q3 earnings report and lowered guidance, while peers surged on AI momentum. Despite handset revenue declines and margin pressures, analyst Tristan Gerra from Baird projects a $400 price target, betting on Qualcomm's expansion into AI data-center chips and automotive silicon. The company aims to nearly double non-handset revenue by 2029, driven by new AI and automotive wins. Most analysts remain cautious with a consensus target of $193, implying 14.6% upside, but Baird's bullish call highlights significant potential if diversification efforts succeed.
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...
