QUALCOMM Stock News

Masayoshi Son recently suggested that investors are not pricing in Nvidia's future opportunities in the AI market.

NEW YORK--(BUSINESS WIRE)--Qualcomm Incorporated (NASDAQ: QCOM), a connected computing leader, today outlined its significant opportunities for growth and diversification at its 2024 Investor Day. The company's unique position at the edge is driving access to an expanded TAM of approximately $900 billion by 2030, with more than 50 billion cumulative connected edge device shipments expected from...

Qualcomm said at its investor day on Tuesday that it expects its so-called internet of things business to more than quadruple in sales by 2029 to around $22 billion. CEO Cristiano Amon took over Qualcomm in 2021 with a promise to diversify the company away from a reliance on chips for smartphones.

Qualcomm expects $8 billion in automotive chip revenue and $4 billion in PC chip sales by fiscal 2029, it said at an investor event held in New York on Tuesday.

Qualcomm remains a strong semiconductor investment, replacing Intel with a conservative IT play due to its high free cash flow, dividend growth, and significant share buybacks. Despite a recent dip, Qualcomm's Q4 earnings beat expectations with an EPS of $2.69 and revenue of $10.24B. Qualcomm's Magic Formula score of 30.9, though lower than 2023, still indicates strong returns on invested capit...

Qualcomm posted $10.2 billion in Q4 revenue (+18% YoY) with 35% YoY EPS growth. Record $899 million in automotive revenue (+68% YoY), driven by new vehicle content and AI platforms. IoT revenues grew 24% sequentially, powered by new product launches and normalized channel inventory.

Despite strong 4Q FY2024 earnings, Qualcomm's stock fell below its pre-earnings release level due to a broader semi sector pullback and rising geopolitical risks under Trump's administration. 1Q FY2025 outlook indicates a strong growth momentum continues, driven by the Snapdragon 8 Series, topping all market consensuses. The company forecasts a "mid-single-digit growth" in QCT Handset revenue (...

AI could become a multitrillion-dollar industry. There are still high-quality stocks with compelling risk-reward upside potential.