QUALCOMM Incorporated’s Stock Price Drops to $166.60, Experiences 3.80% Decrease: Time to Buy?

QUALCOMM Incorporated (QCOM)

166.60 USD -6.58 (-3.80%) Volume: 9.76M

QUALCOMM Incorporated’s stock price stands at 166.60 USD, experiencing a trading session decrease of -3.80% with a trading volume of 9.76M shares, yet the tech giant maintains a strong year-to-date performance with a +15.19% increase, reflecting its robust market presence.

Latest developments on QUALCOMM Incorporated

Qualcomm Inc. has been making waves in the tech industry with key events leading up to today’s stock price movements. The feud escalation with Arm over chip design licenses has been a major highlight, with Arm threatening to cancel Qualcomm’s license, potentially impacting the mobile market significantly. Qualcomm has also unveiled new smartphone chips and collaborated with Alphabet for automotive AI, further expanding its reach into the tech world. The company’s strategic collaborations with Li Auto and Mercedes-Benz have also been key drivers of its recent stock performance. With the announcement of partnerships with Google to bring AI to cars and the unveiling of the Snapdragon 8 Elite chipset, Qualcomm is positioning itself as a leader in mobile AI technology, setting the stage for potential growth in the future.

QUALCOMM Incorporated on Smartkarma

Analysts on Smartkarma are bullish on Qualcomm Inc, with Baptista Research highlighting the company’s achievements in the third quarter of fiscal 2024. Qualcomm reported non-GAAP revenue of $9.4 billion, driven by strong performance in their chipset business, especially in the automotive and IoT sectors. This positive outlook is echoed by William Keating, who emphasized Qualcomm’s growing automotive design-win pipeline, now standing at $45 billion. With Qualcomm’s strong position in new markets and innovative technology, analysts are optimistic about the company’s future growth.

Furthermore, Qualcomm’s recent partnership with Microsoft for CoPilot+ PCs has positioned the company ahead of Intel and AMD, as highlighted by William Keating. With Qualcomm being the sole supplier of processors with an NPU exceeding 40 TOPS, they are set to power the first wave of CoPilot+ PCs. This development not only showcases Qualcomm’s technological prowess but also poses a challenge to traditional PC market leaders. Analysts suggest that Qualcomm’s advancements in augmented and virtual reality, coupled with their strong momentum in key markets, indicate a promising outlook for the company’s future performance.

A look at QUALCOMM Incorporated Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Qualcomm Inc has received a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in Dividend and Resilience, with a score of 4 and 3 respectively, its Value score is lower at 2. This suggests that investors may find Qualcomm to be a stable option for dividend income, but may not see it as undervalued in terms of price. The Growth and Momentum scores both sit at a moderate 3, indicating that the company is not currently experiencing rapid growth or strong positive momentum.

Overall, Qualcomm Inc‘s long-term outlook appears to be steady, with a focus on maintaining dividends and weathering market challenges. The company’s core business of manufacturing digital wireless communications equipment, licensing intellectual property, and producing integrated circuits positions it well in the industry. While not a standout in terms of value or growth potential, Qualcomm’s resilience and dividend performance make it a solid choice for investors seeking stability in their portfolio.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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