QCOM Stock Recent News

Qualcomm (QCOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Apple on Wednesday revealed its first custom-designed modem chip that will help connect iPhones to wireless data networks, a move that will make the company less reliant on chips from Qualcomm that also power its Android rivals.

The technicals are currently net positive, with the majority of indications showing strength is likely moving forward. Fundamentals are overall strong, but guidance was a bit mixed as revenue growth and adjusted EPS growth rates are expected to slow. The stock still seems undervalued, however, as the massive P/E ratio discount to peers seems unwarranted due to Qualcomm's strong position in edge AI.

Qualcomm's recent earnings report shows strong growth, despite some market pessimism, highlighting the company's potential in portable AI and edge computing. Portable AI, driven by models like DeepSeek, positions QCOM to benefit from increased demand for AI chips in smartphones and IoT devices. The Company's valuation is attractive, with a forward P/E ratio significantly below the sector median, suggesting a potential upside of around 25.88%.

Qualcomm Incorporated is rapidly diversifying beyond handsets, targeting $22 billion in non-handset revenue by 2029, driven by AI, automotive, and IoT segments. Apple's shift to in-house modems poses risks, but Qualcomm's diversified growth in AI PCs, smart glasses, and automotive sectors offsets potential losses. QCOM stock is undervalued, trading at ~15x FY25 EPS, with strong cash flows enabling share repurchases and a 2% dividend yield.

Olivier Blanchard notes rockiness in the chip trade but expects it to smooth out with the world's growing reliance on A.I. He anticipates companies to use the technology in ways that improve employee efficiency.

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Qualcomm (QCOM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, QCOM broke through the 20-day moving average, which suggests a short-term bullish trend.

As most informed artificial intelligence (AI) stock investors know, not all of these investments are multibaggers. In fact, some have struggled to outperform the S&P 500 during specified time periods.

Investors with an interest in Wireless Equipment stocks have likely encountered both Qualcomm (QCOM) and Motorola (MSI). But which of these two stocks is more attractive to value investors?