QUALCOMM Incorporated’s Stock Price Drops to 166.94 USD, Experiences 6.55% Decline

QUALCOMM Incorporated (QCOM)

166.94 USD -11.70 (-6.55%) Volume: 15.23M

QUALCOMM Incorporated’s stock price stands at 166.94 USD, witnessing a dip of -6.55% this trading session with a trading volume of 15.23M. Despite the session’s decline, QCOM’s year-to-date performance remains strong with a +15.43% increase, reflecting its resilience in the market.

Latest developments on QUALCOMM Incorporated

Qualcomm Inc has been making significant strides in the mobile technology market with the release of their Snapdragon 4s Gen 2 chip, aimed at bringing 5G accessibility to budget smartphones. The company’s stock price movements have been closely watched, with analysts noting that the recent pull-back offers an entry point for investors. Qualcomm’s focus on AI, auto, and smartphones has been highlighted ahead of their Q3 earnings report. The unveiling of the Snapdragon 4s Gen 2 chip, designed to democratize 5G smartphone access, has been met with enthusiasm, particularly in markets like India where affordability is key. With Qualcomm’s commitment to making 5G more accessible to billions, investors are keeping a close eye on the company’s performance.

QUALCOMM Incorporated on Smartkarma

Analysts on Smartkarma, like William Keating, are bullish on Qualcomm Inc, citing strong growth in automotive revenues for Q1CY24 and a growing design-win pipeline now at $45 billion. Keating’s research also highlights Qualcomm’s position as the sole supplier to Microsoft’s CoPilot+ PCs, with their Snapdragon processors leading the way until Intel and AMD catch up. This news is seen as a significant achievement for Qualcomm and a potential turning point for Arm-powered PCs in the market.

Baptista Research also supports a positive outlook on Qualcomm Incorporated, noting the company’s solid momentum in augmented and virtual reality. With non-GAAP revenues surpassing expectations in the second quarter of 2024, Qualcomm’s chipset business revenues of $8 billion, driven by Android smartphones and automotive growth, showcase the company’s technology leadership. Analysts anticipate continued growth for Qualcomm in both the mobile and automotive markets, fueled by heavy investments in on-device AI and IoT.

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 according to the Smartkarma Smart Scores. While the company scores well in areas such as Dividend and Momentum, with a score of 4 for each, its Value score is lower at 2. This indicates that investors may find Qualcomm to be a solid option for steady dividend income and potential growth in the near future, but may not be considered undervalued based on its current price.

In terms of long-term prospects, Qualcomm’s Growth and Resilience scores are both at a moderate level of 3. This suggests that the company may experience steady growth in the future, but may face some challenges in terms of market volatility and external factors. Overall, Qualcomm Inc‘s Smart Scores paint a picture of a company with stable dividends and momentum, but with room for improvement in terms of value and growth potential.

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