Latest news with #OpeningBid
Hindustan Times
19 hours ago
- Business
- Hindustan Times
Qualcomm prepares for Apple breakup as modem deal nears end
After over 15 years powering iPhones with its modem chips, Qualcomm appears to be preparing for life beyond Apple. Speaking on Yahoo Finance's Opening Bid podcast, Qualcomm CEO Cristiano Amon confirmed that the chipmaker is planning its business under the assumption that Apple will not renew its modem supply contract beyond 2027. 'We're planning our business assuming that they are going to use their own modem,' Amon said. 'And what's exciting about the company is all of this growth that we're creating, all of those other markets, including on Android.' Apple has been one of Qualcomm's biggest clients. In 2024 alone, analysts estimate that Apple paid more than $2.5 billion in patent licensing fees, with Qualcomm's modem revenue from Apple reaching between $5.7 billion and $5.9 billion. However, Apple's efforts to develop an in-house modem have been gaining pace, culminating in the launch of the C1 chip earlier this year in the iPhone 16e. Although the C1 offers better power efficiency, it does not support mmWave, a key 5G technology used in the US, limiting its deployment. Nonetheless, Apple is doubling down, with plans to include the chip in the upcoming iPhone 17 Air and reportedly working on an upgraded C2 modem. While Apple still has a valid modem contract with Qualcomm until March 2027, Amon appeared unconcerned about the potential end of the relationship. 'That's our contract,' he said. 'And if we don't get a new contract, that's what it is.' Interestingly, Amon's comments come just weeks after Qualcomm released a study, funded by the company, comparing Android phones with Snapdragon modems to Apple's C1. The study claimed Android devices offered better connectivity, though critics noted the methodology appeared tilted in Qualcomm's favour. Despite this, Amon downplayed any drama between the two tech giants, saying that the 'association about the Apple relationship…is not warranted.' With its Apple contract likely nearing its final years, Qualcomm is diversifying its roadmap. The company is exploring chips designed to connect to Nvidia's AI processors and investing heavily in Android, where its modem and SoC business continues to grow. 'We've seen incredible traction on Android,' said Amon, pointing to Qualcomm's strong position across global handset makers as evidence of resilience post-Apple. While Apple moves toward modem independence, Qualcomm is banking on its Android partners, and AI-driven opportunities, to drive the next phase of growth.
Yahoo
a day ago
- Business
- Yahoo
11 Real Estate Markets Grant Cardone Is Interested In Right Now
Rather than deal with persistently high demand, prices and mortgage rates, more people are opting to remain renters for longer due to the numerous obstacles to purchase a home. This is good news for anyone wanting to make money in the real estate game — and directly in Grant Cardone's investment wheelhouse. Explore More: Find Out: Cardone, founder of Cardone Capital, author of the '10X Rule' and all-around real estate hustler with a portfolio worth $5 billion, is known for focusing on multifamily properties in high-growth markets across the United States. It's a strategy that built his real estate empire and one he hasn't wavered on, especially during trying economic times. Guesting on Yahoo Finance's Opening Bid podcast last month, Cardone told host Brian Sozzi, 'A single family home is not an investment,' he said. 'That being said, if you don't want to rent and you don't want to own, what you should do is own rentals and have the rentals pay for where you live.' With so many obstacles to owning a home, Cardone feels rents will continue to increase, but location matters. 'I want to be in a location that's irreplaceable today, tomorrow and into the future,' Cardone told Sozzi. Although he feels that the entire U.S. is currently going through a correction for this real estate asset class, here are five markets that Cardone feels are winners. Read Next: Although Nashville has a higher cost of living and home prices, it also has a lot of things that appeal to Cardone: strong job market, good schools and positive migration. Nashville and Clarksville both were mentioned by Cardone during the Opening Bid interview, and Clarksville was the 'Most Livable Metro' in Tennessee in 2024, per RentCafe. Average Home Values: Clarksville: $326,319 Nashville: $448,899 Average Rent Prices: Clarksville: $1,399/month Nashville: $2,250/month Cardone has been active on the South Florida scene for more than a decade. In 2012, he purchased five southeast Florida apartment communities in Stuart, Port St. Lucie and Palm Bay for $59 million. Although he's been smitten with Miami of late, he also recommended Fort Lauderdale, Orlando and Tampa. Average Home Values: Miami: $595,318 Fort Lauderdale: $524,139 Orlando: $383,548 Tampa: $380,451 Average Rent Prices: Miami: $3,200/month Fort Lauderdale: $2,764/month Orlando: $2,000/month Tampa: $2,200/month Savannah has it all, Cardone said in a Facebook video from 2021, citing a great job market, a ever-growing port system, envied school programs and a burgeoning arts scene, and he mentioned it again this year on Opening Bid. Average Home Value: $335,850 Average Rent Price: $2,200/month Cardone has recognized the favorable investing climate in Austin, Dallas and Houston for years. While he said he'd avoid San Antonio, he did express interest in these three Texan metros. Average Home Values: Austin: $536,565 Dallas: $318,689 Houston: $270,647 Average Rent Price: Austin: $2,050/month Dallas: $2,040/month Houston: $1,817/month If you follow Cardone on any platform for any length of time, you'll notice certain metros fall in and out of his favor. Still, he mentioned 'the entire state of California' as a good investment opportunity on Opening Bid — he expects it to be 'on sale … in the next nine months.' Average Home Value: $796,255 Average Rent Price: $2,790/month Editor's note: Average home values and rent prices were sourced from Zillow and are accurate as of June 3, 2025. More From GOBankingRates 10 Genius Things Warren Buffett Says To Do With Your Money I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on 11 Real Estate Markets Grant Cardone Is Interested In Right Now Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Qualcomm CEO on AI bets and surviving beyond Apple
You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. What started 40 years ago as a company focused on "quality communications" by Irwin Jacobs has morphed into Qualcomm (QCOM) today. The company is one of the biggest players in the chip industry, supplying products to Apple (AAPL) to power its iPhone and to automakers to power their increasingly digital cockpits. The company's market cap stands at an impressive $163 billion. At the helm as CEO since 2021 is 30-year Qualcomm veteran Cristiano Amon, who started at the company as an engineer. Amon has been moving aggressively to diversify the business away from Apple into areas such as industrial applications and, more recently, data centers. Yahoo Finance executive editor Brian Sozzi sits down on the Opening Bid podcast with Amon to discuss the next 40 years for Qualcomm. Amon is fresh off a trip to Saudi Arabia, joining President Donald Trump and other top tech executives. Amon secured a key memorandum of understanding to help Saudi Arabia build out AI data centers. Sozzi and Amon discuss the trip and what greater trade tensions mean for Qualcomm's important China business. Last year, China represented 46% of Qualcomm's sales. Welcome to the opening bid podcast. I'm Yahoo Finance executive editor Brian Sazi. Of course, opening bid is sponsored by Vanguard. You're gonna get a lot smarter on all things technology and AI because I got a very special guest here that it's coming to me at the NASDAQ in Times Square on a very special moment for his company. That's Qualcomm President CO Cristiano Alman. Good to see you. Good to see you, Brian. It's been a while and we're here at the NASDAQ 40 years since Qualcomm is that even possible? It's, it's times went fast and and it goes fast if you're busy. So, uh, so what are some of those? I mean, you started the company 30 years ago, 1995 as an engineer. What are some of the, I guess, the historical fun facts about Q Qualcomm that the average human may not know? Well, it's, uh, it's hard to answer the question. There's so many different things, but I will highlight, um, you know, I joined 1995 right before the very first launch of a CDMA operated in the world. A couple of things, this journey, I think it's a journey of a company always kind of fighting against the odds try to prove everybody that you know the technologies that we dream of, they work, they will change the world. I remember when I started, nobody believed CDMA. We had to build our own infrastructure. We had to build our own to build everything to prove it, take it all over the world to show that the technology is incredible. I remember when 3G moved to 4G, everybody said Qualcomm is gone, is gone because we're gonna go from CMA to OFDMA and we have to prove everybody we're the OFDMA leader, uh, in the phones were becoming computer. We had from a wireless communication company, no computing technology. We end up building the very first processor, a company they had built no processors. The very first processor that could run an OS, uh, and had a clock at 1 gigahertz speed that fits in the palm of your hand, and that was the beginning of our journey towards what Snapdragon is today, uh, we, we the spirit we realize that technology could be disruptive to so many industries. People told us you can never be an auto company unless you buy somebody and look at where we are in auto. Somebody said you can't go to the PC market. That's a market already occupied by incumbents and never be displaced. Here's where we enter the PC market and now we're in this journey on AI and industrial data centers. So those 40 years it's been the reinventing ourselves, come up with technology that to prove to people it's better, it's going to work and just executing against all odds. That's that's the company in 40 years. What I didn't realize, I'm a bit of a corporate name geek. I never realized all these years of cover from your company and some of your predecessors at the company. It stands for Quality communications. The company was founded by Irwin Jacobs, and was focused on quality communications. We build you know, I was just uh uh reminding people it's interesting. I have to sometimes people ask me about the Qualcom name that it means quality communication and I thought, wow, I have the best example ever to describe what that actually means. You probably remember when there were the Mars ingenuity helicopter, the NASA mission that you have the very first flight in a non in an atmosphere in a different Mars engineered helicopter. The Mars engineered helicopter, the whole helicopter when NASA had this mission runs on it came out of the rover start flying around. There's flight control it has cameras. It has communication sending radio signals. The beauty of this whole, uh, project with NASA is exact the same Snapdragon they were on people's phones like the one that we build hundreds of millions, and the thing is if you put that into go in a rocket in extreme temperature pressure. You go to a different planet, you have to boot and work, and he has no option. He has to work. It's just one, so I cannot think of anything better to describe. We build quality stuff. This is quality communications atwork. So it's, uh, it's the end of May, and I'm watching, um, the news of course on on Yahoo Finance, and then I see, I see you shaking hands with the crown prince. uh, the president is to the Crown Prince in Saudi Arabia is part of that delegation. I know that guy, it's Cristiano. We used to talk to him. He was the president of Qualcomm beforehand or just before you became CEO and that before we get into why you were there, that had to be a surreal moment as someone as someone that started as an be there in that moment, what was that like? Uh, the whole thing, the whole thing for me, look, I'm incredibly proud and I feel, uh, you know, privileged to have the trust of, uh, you know, from our board our investors and most important like all the Qualalcon employees to lead this company. When I joined Qualalcon as an engineer, I never had any dreams. I'll be a CEO uh, never expected that we will be relevant in in an important partner of so many industries, so many it's incredible. At the same time, it comes with a huge pressure that, you know, there's so many folks at Qualcomm that that's counting on me that you know I can't, I have to show up every day and do my best because I cannot disappoint the trust, but yes, it's incredible. It's I never expected it's uh it's really humbling and uh that was a great moment for me. Sowhat did Qualcomm secure from that trip? Look, uh, as you know, we, we just, uh, released a little bit of some, I'll say, uh, data points they're showing what we're doing next on a diversification journey and uh we're entering the data center space. We feel that's massive opportunity is this massive t is going to grow for decades and I think we have some technology that is very unique and have proven that we can probably do one of the world's best CPUs and when AI starts to go from creation in those data centers into scale production, it gets we develop AI as as as an industry for that to be used in every computer when you go to scales performance per watt performance per dollar matter, and that's kind of the the DNA that we have from building the devices at the edge. So we look at the data center opportunity we can build CPUs. We can build inference AI process for the data this new company in Saudi called Humane which is incredibly disruptive. It's a big countrywide project to start diversifying their economy. I feel like in the same way about what they're trying to do, what Qualcom is trying to do, we're trying to diversify and create new areas of growth and betting on them. They're betting on Qualcomm. So, uh, what we announced in that trip, it was a combination of very strategic projects and it kind of matches some of the initiatives we have for growth and diversification. The first one is our, our activity now, uh, entering the data center space, and we're gonna build chips for the humane data center. That's one, with the new, uh, Saudi AI company called second one is we've been talking about the industrial transformation at the edge, the next industrial semis in the age in the age of AI, so we have a very broad partnership with Orranco, which is the one of the world's largest, uh, you know, energy companies using AI at the edge to transform their operations, very exciting project that that we have there. The number as we enter in the PC space, they're building very interesting PCs for their market. They have their large language model called AA that they developed, which is gonna be the front end in Arabic for all of the different applications, uh, wanted to connect those PCs with their data center offer inference as a server uh service that's gonna be part of what we actually been talking about which is this change of a PC into an AI device. So those are some of major projects. There's more, I think that we're doing in Saudi Arabia. That was a very successful trip for us. We saw a lot of big numbers, not just from your company, a lot of companies that went there Nvidia, AMD went there. What is that Saudi Arabia opportunity mean?Return financially to a business like. Look, um, we, if you step back, we said between now and 2029, uh, we're gonna be uh generated about $22 billion of our goal, our goal is when we get to fiscal 29, we'll have $22 billion of non handset revenue which is all of those growth initiatives actually coming to scale and we're gonna be a diversified company at that point in the stuff that we're doing in the data center is not included in that number. That's an upside to that number. Uh, we, we have a long term commitment in Saudi Arabia. Uh, I, I saw that yesterday they kind of indicated a $22 billion I think, uh, uh, you know, commitment, uh, to Qualcomm, but it's just the beginning. I think we've been products for the data centers, that's incremental to our plan. What we're doing in PCs, we're doing in Ronco is part of our $22 billion plan. You should look at this as more certainty and data points on this trajectory that we are to diversify the company and achieve our $22 billion in our handsets by fiscal 29. All right, hang with us, uh, Christiane, we're gonna go off for a quick break. We'll be right back on opening welcome back to opening bid here at the NASDAQ in Times Square. Having a great chat here with Qualcomm CEO Cristiano Aman. Um, so the data center push. There's an, there's an AMD in there. There's an Intel, and I, if I'm right, didn't Qualcomm try data centers in the past? Like how do you make this successful this time? Yes, so it's, it's a great point and maybe are two answers. Let me start with the first one easy. Uh, it is a market that has a number of incredible players like, uh, on CPU you have AMD, you have Intel, you have ARM indicated that they're gonna build a chip enter in the data center. You have some of the companies that've been building a lot of the custom, uh, CPU. My answer to you is the same answer I I provided before when people ask me about is a market actually unlike the data center doesn't grow as much. Data centers growing a lot. It's a very big time, but in PCs people said there's a lot of established players are you gonna enter? And the answer is if I have something that is disruptive, it is unique, it's innovative, and it will add value there's gonna be room for me and I think that's we did with Snapdragon the same approach when you think about data center actually data center, unlike PC is a massive, will continue to grow at a very high uh growth rates for decades. If we can build something unique and disruptive, there's room for Qualcomm. Now the second part of the answer is our journey we started, if you remember, we were the first company to start to build an armM compatible, uh, CPU, uh, for the data we did way before everybody else and I'll be honest, we're a little early at the time for the opportunity. What happened and uh when we attempted to do that, there were two, obstacles. One obstacle is the software ecosystem wasn't mature at that time. The data center opportunity was a general purpose computing that needs to run everything that is on the cloud which has been built on X86, and the arm ecosystem wasn't ready at all at that was not until companies like Amazon with their graviton uh uh uh program that actually did a lot of the heavy lifting to bring the arm ecosystem on board that doesn't existed at the time so that was very limiting on, on, on the addressable market. The other reason at the time is the entire industry was looking for alternative to the incumbent was in tell that uh uh the incumbent on the data something happened. uh, EMD started to use a better transistor going to, uh, TSMC, and, uh, and that become the alternative to Intel and the ARM, uh, plan, you know, got pushed aside. So I think we were a little early. We learned a bunch of things to the process we're early we focused the company on putting a plan in place to build growth and diversification in those markets we're doing right we get those things in motion and they're being in the process of execution, create this opportunity for now to enter at the right time. Why is now the right time? And I think that's a more interesting answer to the question. First, the nature of the data center is changing. You still have general purpose but now AM is where the growth is with a much more mature software ecosystem. We checked that box. The second thing is data centers are being built for AI. Every time you build data centers with incredible, I think Nvidia GPUs used for training, you need CPUs that go you have a lot of custom activity, so that's a, that's a different approach than what the CPU job was. It's very focused and it's very focused on performance per dollar, performance per watt. That's kind of our other thing is the opportunity for inference as AI gets scale. It needs to be economic. It needs to compete. You look at how people start talking about tokens per dollar and why tokens per dollar starts to move to the Middle East because energy is cheaper there when there is a performance per dollar and performance per watt, it creates an opportunity for look at those things. We look at our assets. We have proven to have one of the best CPU teams in the world. What we did in just phones and auto and PCs. We can build a great CPU if you believe, um, you know, companies are gonna build arm chilets like AM saying they're gonna do themselves. If you believe those companies can do it and there's an opportunity, Quin can do a real chip company. We ship 40 billion components a year and we have a great CPU. That's opportunity and AI is gonna get so much scale and it's gonna beinteresting. A large part of your business is of course China, about 45-46% of your your business. When you're on that trip in Saudi Arabia, are you able to get a minute or two with the president and, hey, you know, we're a US company. We have this big business in China and then secondarily, has your strategy changed because of the trade war? Look, this is, uh, I I actually love answering this question, and you're probably gonna hear, um, in this interview something different than uh what I've been saying. What news person doesn't like differentfire away, Christiane. Yes, um, I'm actually gonna explain something a little different than I have been talking about it fact that we're very successful in China, uh, think about it this way. The fact that we're very successful in China is a feature. It's not a bug, it's a feature. And the reason I say that is because we move at the speed of China. If you look at what happened in the transformation of uh of uh many industries uh in have been there uh and we have not only survived with Trive that means we can be competitive in China. It's one of the most competitive markets in the world we can be competitive in China. We move at China speed. That's a feature. You want an American company that is going to be providing for the world to be extremely competitive and be able to win everywhere with innovation, not only in the US, not only, uh, in Europe, not only in, uh, in Korea, in Japan, but everywhere including China. That's the first part. The second the reason we have a big business in China is because what we do matters. Uh, if you are, and that's true for the entire semi-in industry for companies that are building not commodity but leading technologies true for Nvidia it's true, uh, for Qualcomm, it's true, uh, for all of the other semiconductor companies. If what you're doing is innovative, it's just a function of GDP size you're gonna have a big business everywhere, you're gonna have a big business in China. # a company that is actually the trade deficit, we export semiconductors. Actually what we're doing is in the right direction of trade, high value semiconductors that have been exported to in the right direction of trade, and then the last point is you want to end up in a situation that the American technology is exactly winning at the world scale. We want to be in a situation that is American technology for the world that drives our innovation economy that give us scale that we continue to invest and actually support and partner uh of the companies they're gonna be needing our technologies for years to come when you look at this whole package, I think we're very proud I think of the business we have in China and I think in the many discussions we've been having with the administration, I think like I said before, um, it's good to actually have uh American technology in a way that it can win win in the markets worldwide including China and be in the right direction of trade being supporting our innovation engine and uh we like we it's a technology that is developed in the United States and as a matter of fact you know because you've been covering us for a while we have one of the world's largest licensing business and actually we get China, but of our customers for intellectual property, that's another great thing. So I think in summary we want to put ourselves in a position that we can actually be an example what a successful cooperation and trade be between two countries, the two countries are, and I think that's what we'll continue to do. I'd loveto end on this, um, Christiano, for as long as I've talked to you, you've always been focused on diversification, um, and part of that I would think is because of the Apple business, of course you make a key player a long time in the Apple supply now I think the stat was from Evercore. You saw you're about to see you may have 70% market share in the iPhone 17 that might continue to decrease. Is there a day when Qualcomm is not involved in the Apple ecosystem because they make their ownchips? Look, we have been incredibly transparent about this, and, uh, every time we have a contract with Apple, we made it very public where they are, so there is no guessing, right? So we had and I think we provide, uh, you do a verygood job of doing this. I, I, oh, it has always been, has always been very transparent. Thank you. So what we said is, uh, you know, in the iPhones, uh, they launch, uh, this year, uh, we expected, I think we indicated we expected to have about, uh, 70% share if I believe that's the metric we we said in the iPhones uh launching next year we expect to have about uh I believe the metric was 20%, 20% share and then we don't expect it to be in the iPhones, uh, launching that's our contract, you know, and, uh, if they, if we don't get a new contract, that's what it is, but and there's so much drama and association about, uh, the Apple relationship which I think it's, it's not warranted, to be honest, we're a great supplier for Apple. We provide a modem. Our contract has a beginning, has a middle, has an end. We communicated what it is. Apple's doing their own modem. We're planning our business assuming that they are going to use their own what exciting thing about the company is all of this growth that we're creating all of those other markets including on Android. Like if you look at our Android business is continued to grow. I think our customers are doing incredibly well. The China market dynamics when you look at share about uh what Android is it's a great dynamic for Cuco, and we'll continue to build great technologies. I think the Apple thing is we have a contract. We communicate with the end. That's how we're planning our business. The Apple is gonna be off the model 27. We're focused on everything else, everything else above that is upside. Fair to say that the next 40 years of Qualcomm will look different than the prior 40. Oh, absolutely. I cannot tell you one year of Qualcomm that is uh the same as, uh, the past year, and I think that's what make the company exciting. All right, we'll leave it there. Always good to see you, Qualcomm president and CEO Christianoone here at the Nasdaq in Times Square. Appreciate you coming on the pod. Thank you, Brian. All right, that's it for the latest episode of Opening bid. Continue to hit us with all those, uh, hearts and thumbs up on YouTube and all the podcast platforms. Appreciate the love, appreciate the feedback, and we'll talk to you soon. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Qualcomm CEO: We're diversifying beyond declining Apple business
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube or wherever you find your favorite podcasts. Qualcomm's (QCOM) next 40 years will look different than its past four decades as it seeks to diversify into data centers and cash in on the AI gold rush. But that also likely means going at things minus its lucrative business with Apple's (AAPL) iPhone. Qualcomm has been Apple's largest cellular modem provider, but the tech giant is transitioning to its own in-house-made C1 modem in a bid to boost margins. "That's our contract, you know, and if we don't get a new contract, that's what it is. But, and there's so much drama and association about the Apple relationship, which I think it's not warranted, to be honest," Qualcomm CEO Cristiano Amon said on Yahoo Finance's Opening Bid podcast (watch above; listen-only below). The tech duo's licensing agreement ends in 2027. Research firm Futurum estimates that Qualcomm's annual modem revenue from Apple is between $5.7 billion and $5.9 billion. Analysts estimate Qualcomm will pull in about $43.5 billion in sales this year. Qualcomm has said publicly it expects to have a 70% share in iPhones launching this fall. That will drop to 20% for iPhones next fall, and then stand to be zero for iPhones debuting in fall 2027. Yahoo Finance caught up with the globe-trotting Amon — he's fresh off a visit to Saudi Arabia with other top execs and the Trump administration — at the Nasdaq. Amon began his career at Qualcomm as an engineer in 1995. "We're planning our business assuming that they [Apple] are going to use their own modem," Amon said. "And what's exciting about the company is all of this growth that we're creating, all of those other markets, including on Android. Like if you look at our Android business, it has continued to grow." To offset the lost Apple sales, Qualcomm continues to invest in the connected car cockpit and the internet of things domain. The company thinks it can grow its business from these two segments to $22 billion by 2030, up from $8.3 billion in fiscal year 2024. "Qualcomm's diversified growth across these specific verticals is credibly expected to significantly exceed the revenue scale of modem-only handset customers well into the era of 6G," Futurum researchers said in a note. The company also announced in mid-May that it plans to launch processors designed for data centers to power AI, which will connect to Nvidia (NVDA) chips. Qualcomm failed to successfully expand into data centers years ago and returns to the field with formidable rivals in AMD (AMD), Intel (INTC), and soon ARM (ARM). "It's a massive TAM [total addressable market] and will continue to grow at very high growth rates for decades. If we can build something unique and disruptive, there's room for Qualcomm," Amon said of the data center push. The Street has taken a wait-and-see approach to Qualcomm's stock, preferring to witness tangible progress in diversifying its business away from Apple. Qualcomm's stock has been trading at a price-to-earnings ratio discount to the S&P 500 (^GSPC) for the past three years, according to data from Evercore ISI tech analyst Mark Lipacis. The current PE multiple is roughly a 39% discount to the S&P 500. The stock also trades at a more than 20% discount versus its 20-year median PE. Shares are down 28% in the past year compared to a 13% advance for the S&P 500. "We expect Qualcomm's P/E to continue trading at a discount to the market until it demonstrates more traction into the IoT, Auto and PC markets," Lipacis added. Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service. Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Qualcomm CEO on AI bets and surviving beyond Apple
You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. What started 40 years ago as a company focused on "quality communications" by Irwin Jacobs has morphed into Qualcomm (QCOM) today. The company is one of the biggest players in the chip industry, supplying products to Apple (AAPL) to power its iPhone and to automakers to power their increasingly digital cockpits. The company's market cap stands at an impressive $163 billion. At the helm as CEO since 2021 is 30-year Qualcomm veteran Cristiano Amon, who started at the company as an engineer. Amon has been moving aggressively to diversify the business away from Apple into areas such as industrial applications and, more recently, data centers. Yahoo Finance executive editor Brian Sozzi sits down on the Opening Bid podcast with Amon to discuss the next 40 years for Qualcomm. Amon is fresh off a trip to Saudi Arabia, joining President Donald Trump and other top tech executives. Amon secured a key memorandum of understanding to help Saudi Arabia build out AI data centers. Sozzi and Amon discuss the trip and what greater trade tensions mean for Qualcomm's important China business. Last year, China represented 46% of Qualcomm's sales. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Sign in to access your portfolio
