Latest news with #QualcommInc
San Francisco Chronicle
30-04-2025
- Business
- San Francisco Chronicle
Qualcomm: Fiscal Q2 Earnings Snapshot
SAN DIEGO (AP) — SAN DIEGO (AP) — Qualcomm Inc. (QCOM) on Wednesday reported fiscal second-quarter earnings of $2.81 billion. On a per-share basis, the San Diego-based company said it had profit of $2.52. Earnings, adjusted for one-time gains and costs, came to $2.85 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share. The chipmaker posted revenue of $10.98 billion in the period. Its adjusted revenue was $10.84 billion, also topping Street forecasts. Eight analysts surveyed by Zacks expected $10.67 billion.
Bloomberg
29-04-2025
- Business
- Bloomberg
Alphawave Extends Deadline for Qualcomm Bid as Talks Continue
Alphawave IP Group Plc said it has extended the deadline for Qualcomm Inc. to make a firm bid for the London-listed semiconductor company until May 12 to give the companies more time to discuss terms of a potential deal. The deadline for Qualcomm to decide whether to bid or walk away from the talks had been due to expire at 5 p.m. London time on Tuesday. There's no certainty that a formal offer will be made, Alphawave said in a statement.
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Business Standard
24-04-2025
- Business
- Business Standard
Global chip design giant Qualcomm sees mid-tier AI mobiles in India in 2026
Global chip design giant Qualcomm Inc projects that artificial intelligence (AI)-capable phones in the country will be available in the mid-tier mobile phone segment within the next 12-18 months, and then in the value phone segment within another two years, as more use cases are developed for consumers. They are already on offer in the premium end of the market. Rahul Patel, the San Francisco Bay Area-based chief general manager for connectivity, broadband, and networks, says, 'Premium phones on the Android side, which mostly use our Snapdragon chips, are already AI-capable, and those in the category below also support AI. We believe that in the next 12-18 months, AI capability will cascade down to the mid-tier phones and, in two years, to the value phones.' Patel adds that to achieve this, Qualcomm is already innovating to bring down costs. 'That will require not only packing in AI technology but also being mindful of costs to ensure it meets the value proposition,' he adds. Explaining the current adoption in India, Patel argues, 'AI phones today are very few in India because the use cases have not been developed. However, the market will see a trigger based on use cases and experiences that consumers will have because of AI. Our chipsets are already capable of running these AI applications (apps); it is now up to the original equipment manufacturers to bring on the apps, which are already in the works, and you will see them next year. With compelling use cases, the share of AI phones will also increase.' On the global AI sweepstakes, Canalys, in its research, has projected that as much as 54 per cent of all mobile phones will be AI-capable, up from 16 per cent in 2024. Counterpoint Research says that one in three smartphones globally will be generative AI-capable in 2025, compared to one in four in 2024. The research agency says that already 60 per cent of the premium phones sold in the country are already GenAI capable. Asked whether there is an opportunity for India in the semiconductor space due to the geopolitical tensions resulting from the Trump tariffs and US-China trade tensions, since the company manufactures chips in Taiwan, Patel says, 'We manufacture chips in Taiwan as well as the US and South Korea. Yes, India's potential fabrication base and outsourced semiconductor assembly and test capabilities will provide us with an opportunity too, though it will take some time. And we have had discussions on this with the government as well.' He also made it clear that the geopolitical tensions will not impact Qualcomm in India, and the potential will only be positive, as India is a major consumer market with potential for good growth in phones, automotive, personal computers, and bringing broadband to Indian consumers with their technology. India, he says, already houses the largest number of employees for the company, which is higher than in the US, where their headquarters is located. Patel points out that innovation is key in markets like India. For instance, while the average service cost per month for using broadband globally is $50-100, in India, it is less than $5, which would make the business look unviable. 'This is where Qualcomm is investing to create technological capability while offering the same level of consumer experience. It's not just about bringing down costs but achieving an equilibrium where everyone wins — Qualcomm, consumers, and operators,' he says.
Yahoo
16-04-2025
- Business
- Yahoo
Is Qualcomm Inc. (NASDAQ:QCOM) the Most Undervalued Quality Stock to Buy Now?
We recently published a list of the 11 Most Undervalued Quality Stocks to Buy Now. In this article, we are going to take a look at where Qualcomm Inc. (NASDAQ:QCOM) stands against other undervalued quality stocks to buy now. On February 24, Kayne Anderson Rudnick chief market strategist Julie Biel joined 'The Exchange' on CNBC to discuss her thoughts on how good quality companies can ride out turbulence in the market. Just like Warren Buffett and Charlie Munger, Biel also suggests inaction as an investment principle and believes that holding high-quality companies can help investors deal with market volatility. She emphasized conviction in investing instead of impulsive decision-making. Biel also noted the general resilience of the US economy, which mainly comes from a robust jobs market as it fuels the consumer-driven economy. She also expressed unease over the limited tools available to address a potential recession that could come from high levels of deficit spending. She thinks inefficient businesses should be allowed to fail while protecting employees during economic cycles. Biel addressed small-cap stocks and explained that they struggle due to their higher leverage and sensitivity to prolonged higher interest rates. They often include significant exposure to real estate and banking sectors and have a high proportion of non-earning companies. She then emphasized that even if one were to invest in small caps, the ideal approach would be to look at high-quality small-cap companies that can yield strong results. Biel's stock picks are quality companies that focus on tangible and physical solutions instead of those with foundations in hyped technologies like AI. While she acknowledged AI's potential, she argued that it's becoming standard and can no longer be categorized as a differentiator. We sifted through the Vanguard U.S. Quality Factor ETF holdings to compile a list of the top stocks that had a forward P/E ratio under 15 as of April 14. We then selected the 11 undervalued stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. 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. Forward P/E Ratio as of April 14: 11.98 Number of Hedge Fund Holders: 79 Qualcomm Inc. (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry. It operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). It also provides development, services and sells products to the US government agencies and their contractors. On March 11, TD Cowen analyst Joshua Buchalter maintained a Buy rating on the company with a $195 price target. The analyst is optimistic about the company's ability to expand its business beyond the traditional handset market. The firm thinks that Qualcomm's focus on low-power and connectivity-focused product portfolio will help it tap into high-growth opportunities within the IoT and automotive sectors. However, Qualcomm's chipset business within its QCT (Qualcomm CDMA Technologies) generates most of its revenue, particularly the handset sales. In FQ1 2025, QCT achieved record revenues of $10.1 billion. Handset revenues alone reached a record $7.6 billion, which was up 13% year-over-year. For FQ2, Qualcomm Inc. (NASDAQ:QCOM) projects QCT handset revenues to increase by ~10%, which will be driven by the increased shipments of the Samsung Galaxy S25 smartphones. Nightview Capital is bullish on the company due to its shift into high-growth automotive and IoT markets. It stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its Q4 2024 investor letter: 'Semiconductors are the unsung heroes of the modern economy, powering everything from AI and 5G to electric vehicles and renewable energy systems. Without them, innovation stalls. The semiconductor industry has entered a supercycle, driven by unprecedented demand across industries that rely on advanced computing. And while this notoriously boom and bust industry has seen cycles before we believe this cycle remains in relative infancy. Overall, QCOM ranks 4th on our list of the most undervalued quality stocks to buy now. While we acknowledge the growth potential of QCOM, our conviction lies in the belief that AI stocks hold great promise for delivering high 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 the 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
Bloomberg
01-04-2025
- Business
- Bloomberg
Qualcomm Weighs Offer for London-Listed Chip Firm Alphawave
Qualcomm Inc. said it's weighing an offer for Alphawave IP Group Plc after the London-listed semiconductor company's shares declined. Qualcomm said there's no certainty that it will make an offer. The San Diego-based chip firm will have to make a decision about whether to make an offer by April 29 to comply with the UK's takeover rules, Qualcomm said in a statement on Tuesday.
