Latest news with #QUALCOMMIncorporated
Yahoo
5 days ago
- Business
- Yahoo
QCOM Mixed Growth Outlook Leads Seaport to Start Coverage with Neutral Call
Seaport Research analyst Jay Goldberg recently initiated coverage of QUALCOMM Incorporated (NASDAQ:QCOM) with a Neutral rating and no price target. QCOM develops and sells foundational technologies for the wireless industry. In an investor note, the analyst noted that Qualcomm's core market was not growing, and it was losing share there on multiple fronts. The analyst added that the company's efforts to diversify beyond mobile were mixed and would all take years to materialize. Seaport saw a lack of any serious near-term catalyst for the shares. A technician testing the latest 5G device, demonstrating the company's commitment to innovation. At the end of April, the firm forecasted fiscal Q3 revenues of $9.9 billion to $10.7 billion and non-GAAP EPS of $2.60 to $2.80. QCT revenues are expected to range between $8.7 billion and $9.3 billion, with year-over-year growth of approximately 12%, led by handsets, IoT, and automotive segments. This includes 10% growth in handset revenues and 15%-20% growth in IoT and automotive revenues. CFO Akash Palkhiwala has acknowledged ongoing monitoring of macroeconomic conditions, including tariffs, which are incorporated into the guidance. While we acknowledge the potential of QCOM, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QCOM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None. 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
20-05-2025
- Business
- Yahoo
Qualcomm to Re-Enter the Data Center Market with Nvidia
QUALCOMM Incorporated (NASDAQ:QCOM) announced on Monday that it will make a return to the data center CPU market with NVIDIA Corporation (NASDAQ:NVDA). The company will develop custom central processing units for data centers that use NVIDIA's technology to connect efficiently with its artificial intelligence chips. An aerial view of a bustling semiconductor production zone showcasing the company's integrated circuits. This is not the first time that QUALCOMM Incorporated (NASDAQ:QCOM) will be making CPUs for data centers. Back in 2010, the company began the development and testing of Arm-based CPUs with Meta Platforms. However, these developments were scaled back due to cost constraints and legal challenges. The CEO of QUALCOMM Incorporated (NASDAQ:QCOM), Cristiano Amon, noted that they have been quietly reviving their data center CPU ambition by being in talks with Meta Platforms, and they also recently signed a letter of understanding with an AI firm in Saudi Arabia to co-develop custom data center CPUs. Now, the company will incorporate its CPUs with NVIDIA's GPUs to deliver high-performance, energy-efficient computing tailored for AI applications. This initiative, which was announced at COMPUTEX 2025, aligns with QUALCOMM Incorporated's (NASDAQ:QCOM) broader strategy to diversify its revenue streams. During the fiscal second quarter of 2025, the company highlighted that it is targeting $22 billion in non-handset revenue by 2029, with AI being a key driver of growth. While we acknowledge the potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QCOM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None
Yahoo
14-05-2025
- Business
- Yahoo
Is QUALCOMM Incorporated (QCOM) the Tech Stock That Trump's Fellow Republican Bought Amid Market Rout?
We recently published a list of . In this article, we are going to take a look at where QUALCOMM Incorporated (NASDAQ:QCOM) stands against other tech stocks that Trump's fellow Republican bought amid market rout. Keeping track of politicians' stock investments is a good way of determining which stocks may receive favorable policy treatment from the government down the road. By looking at the committees these politicians sit in, and the policy matters they are dealing with, investors can gain insights into what's to follow for certain industries. The STOCK Act requires these politicians to report their trades within 45 days of placing them. These disclosures are then made public, making the process as transparent as possible. While looking at some recent disclosures, we noticed certain politicians who stood out. One such politician was Trump's fellow Republican Marjorie Taylor Greene, who bought stocks on the 3rd and 4th of April, two days when the S&P lost over 10% of its value! Some of these stocks have already recovered from their lows hit that day, showing how Ms Greene was able to buy stocks that recovered swiftly despite the broader market continuing to struggle. To come up with our list of 10 tech stocks that Trump's fellow Republican bought amid the market rout, we looked at the Republican's two recent filings on the 7th and 11th of April, where she reported these trades. We then ranked them by the number of hedge funds that hold the company's stock in their portfolio. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A technician testing the latest 5G device, demonstrating the company's commitment to innovation. Number of Hedge Fund Holders: 79 QUALCOMM Incorporated (NASDAQ:QCOM) is the developer and marketer of foundational technologies. It offers its technologies to the global wireless industry. The company operates in Qualcomm Technology Licensing (QTL), Qualcomm Strategic Initiatives (QSI), and Qualcomm CDMA Technologies (QCT) segments. The stock is up 7% since Ms. Green bought her stake earlier in the month. At the start of this month, Qualcomm (NASDAQ:QCOM) announced the acquisition of the generative AI division of VinAI, which is an AI research company. The value of this deal has not been disclosed in the announcement. The company aims to expand its AI capabilities through this acquisition. This is the firm's second acquisition so far this year. The Senior Vice President of Engineering of Qualcomm said: 'This acquisition underscores our commitment to dedicating the necessary resources to R&D that makes us the driving force behind the next wave of AI innovation, by bringing in high-caliber talent from VinAI, we are strengthening our ability to deliver cutting-edge AI solutions that will benefit a wide range of industries and consumers.' Qualcomm (NASDAQ:QCOM) launched its latest X85 modem last month, which features the latest 5G AI processor. This cutting-edge technology supports high-performance connectivity requirements for advanced AI tasks. With all these ongoing advancements and the current valuation, the stock presents a buying opportunity. Overall, QCOM ranks 8th on our list of tech stocks that Trump's fellow Republican bought amid market rout. While we acknowledge the potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than QCOM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
12-05-2025
- Business
- Yahoo
Was Jim Cramer Right About QUALCOMM Incorporated (QCOM)?
We recently published a list of . In this article, we are going to take a look at where QUALCOMM Incorporated (NASDAQ:QCOM) stands against other stocks that Jim Cramer discussed 12 months ago. During a recent episode of Mad Money, which aired on Friday, the 9th of May, Jim Cramer urged investors to stop chasing hot stocks blindly and instead start with the most fundamental question of all: what are you investing for? 'Far too often people will invest in the stock market with the simple poorly defined goal of making money. That's right. Poorly defined goal. Yeah, we all want to make money. I want it. You want it. But how quickly do you want that return? What are you willing to risk in order to get there? How much can you even afford to risk in the first place?' READ ALSO: and . He stressed the importance of matching your stock choices to your actual financial goals such as retirement, home purchase, and college tuition, rather than treating all money as interchangeable. This, he explained, is the cornerstone of suitability: 'You simply can't know which stocks you should buy if you haven't taken the time to really consider what your objectives are. That's the foundation of good investing judgment.' Cramer closed the segment by reminding viewers that even though the U.S. remains one of the best markets for long-term growth, discipline must come before stock picking: 'America remains a growth country… But please get to know yourself before you jump down the rabbit hole of getting to know individual companies.' For this article, we compiled a list of 9 stocks that were discussed by Jim Cramer during Mad Money episodes that aired on the 7th and 8th of May 2024. We then calculated their performance for the past 12 months, until May 7th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey's Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them. Please note that this article mentions Jim Cramer's previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).Cramer addressed QUALCOMM Incorporated (NASDAQ:QCOM) in the context of AI-on-the-edge developments and its strong recent earnings. He directed viewers to his club note and praised the stock. 'Okay, I need you to read through my piece that I wrote on Sunday for club members. You gotta read it—where I said my MOFO is QCOM. May I suggest that that is required reading for everybody. Join the club.' Despite his conviction, Qualcomm stock sank 19.90%, making this another inaccurate call. QUALCOMM Incorporated (NASDAQ:QCOM) is a global leader in wireless technology innovation, particularly known for its Snapdragon processors and 5G solutions. Overall, QCOM ranks 1st on our list of stocks that Jim Cramer discussed 12 months ago. While we acknowledge the potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than QCOM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Business Mayor
07-05-2025
- Business
- Business Mayor
Qualcomm (QCOM): A 'Value Tech' Company
Mairs & Power, an investment advisor, released the 'Mairs & Power Balanced Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The stock market reached a record high in February. However, tariff uncertainty in March led to a fall in equities, while fixed income benefited from perceived safety. The fund ended the quarter up 0.04%. The fund outperformed the benchmark composite indexes (60% S&P 500 Total Return Index and 40% Bloomberg U.S. Government/Credit Bond Index), down 1.48%, and the Morningstar Moderate Allocation peer group, which fell 0.34%. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Mairs & Power Balanced Fund highlighted stocks such as QUALCOMM Incorporated (NASDAQ:QCOM). QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry. The one-month return of QUALCOMM Incorporated (NASDAQ:QCOM) was -2.57%, and its shares lost 22.51% of their value over the last 52 weeks. On May 6, 2025, QUALCOMM Incorporated (NASDAQ:QCOM) stock closed at $139.90 per share with a market capitalization of $153.61 billion. Mairs & Power Balanced Fund stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its Q1 2025 investor letter: 'The Information Technology sector underweight had the largest relative impact on returns during the quarter. Only one of the Fund's technology holdings posted a positive quarterly return – QUALCOMM Incorporated (NASDAQ:QCOM) – making this a somewhat hollow outperformance. Qualcomm is a 'value tech' company which has enviable cash flows but we believe has been consistently underappreciated in the market for its technology licensing business, which has frequently been targeted for legal action by some of its major customers. However, we believe it continues to prove its best-in-class technology and, despite companies attempting to circumvent Qualcomm, we continue to see a long-term position in the wireless technology space for the company.' QUALCOMM Incorporated (QCOM): Among Unknown Billionaire Phill Gross' Stock Picks with Huge Upside Potential A technician testing the latest 5G device, demonstrating the company's commitment to innovation. Read More Degura secures EUR 2.2M in Seed funding QUALCOMM Incorporated (NASDAQ:QCOM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 79 hedge fund portfolios held QUALCOMM Incorporated (NASDAQ:QCOM) at the end of the fourth quarter compared to 74 in the third quarter. QUALCOMM Incorporated (NASDAQ:QCOM) reported non-GAAP revenues of $10.8 billion and non-GAAP EPS of $2.85 in the fiscal second quarter of 2025, both surpassing the mid-range of guidance. While we acknowledge the potential of QUALCOMM Incorporated (NASDAQ:QCOM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ SOURCE
