QUALCOMM Stock News

These two semiconductor stocks are selling at attractive valuations.

Qualcomm Inc (NASDAQ: QCOM) and BMW have unveiled a new automated driving system, Snapdragon Ride Pilot, developed through a three-year collaboration. Debuting in the BMW iX3, the system enables hands-free driving and lane changes on approved roads, with plans to expand availability to over 100 countries by 2026.

Qualcomm and BMW jointly developed an automated driving system that will debut on the BMW iX3. Qualcomm CEO Cristiano Amon told CNBC that the Snapdragon Ride Pilot Automated Driving System is available for any automaker to licence.

Shares of Qualcomm Inc. NASDAQ: QCOM closed around $160 on Monday, once again running into resistance at a level they have struggled to clear since June.

The stock market is currently in a bullish phase despite lingering economic uncertainties, with several equities lined up for further growth.

MUNICH--(BUSINESS WIRE)--Autonomous Driving Innovator QCraft Globalizes With European HQ and Forms Partnership With Qualcomm.

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U.S. chip company Qualcomm and German luxury automaker BMW announced an automated driving system on Friday, which could help attract customers with new features like hands-free driving assistance.