QUALCOMM Stock News

The global heads of German automakers BMW and Mercedes , as well as chip giant Qualcomm are among foreign business leaders due to meet with Chinese President Xi Jinping this week, two sources said on Thursday.

Shares of Qualcomm Inc. NASDAQ: QCOM closed at $160 on Tuesday night, once again hovering above a key long-term support level of around $150. This area has acted as a technical launchpad for the stock several times since last summer, and it's looking like it may do so again.

Increased volatility is beginning to sway the stock market. Uncertainty over economic policy and geopolitical tensions has cooled the broader market.

Evercore screened for stocks that should do well even if the broader market suffers.

Shares of Qualcomm Inc. NASDAQ: QCOM have been stuck in a frustrating trading range for months despite the chipmaker consistently delivering strong financial results. The stock is down 10 percent since the last week of February and has been testing the lower end of its range from December.

Upgraded Qualcomm Incorporated stock to a "Buy" with a fair value of $185 per share, driven by the launch of the X85 modem and recent stock sell-off. The X85 modem, launched on March 3, offers 30% faster AI inference efficiency and could outperform Apple's in-house modem, capturing AI-related mobile device growth. QCOM reported strong Q1 FY25 results, with 18% revenue growth and 24% adj. EPS gr...

Qualcomm's diversification into Automotive and IoT segments shows high growth potential, mitigating risks from potential revenue loss due to Apple's in-house modem development. Q1 2025 results show strong performance with 17.5% revenue growth and 15% EPS growth, beating expectations and outperforming the S&P 500. Despite potential revenue loss from Apple, Qualcomm's growth in Automotive, IoT, a...

Qualcomm is a STRONG BUY due to its growing market opportunities, robust financials, and significant undervaluation, despite potential risks from tariffs and losing Apple as a customer. The company's expansion into the automotive sector, with high projected growth rates, further solidifies its promising future and revenue potential. Qualcomm's financial health is strong, with a 5-year revenue C...