QCOM Stock Recent News

The artificial intelligence (AI) boom is still in full swing, and experts agree that most of its shareholder value creation still lies ahead. It's like the internet in the early 2000s, personal computers in the 1980s and 1990s, or gas-powered cars replacing horse-drawn carriages long before that.

Shares of semiconductor software design firm Cadence Design Systems (CDNS 0.75%) rallied 17.1%, according to data from S&P Global Market Intelligence. Cadence makes the electronic design automation software that chipmakers use to design chips. In addition, Cadence also has two other smaller but very high-growth segments in chip IP blocks, which chip designers can easily incorporate into their own designs, as well as overall system design and analysis software. While there was a lot of concern for tech stocks and specifically semiconductor stocks following April 2 "Liberation Day," Cadence reported strong Q1 earnings toward the end of the month and raised its full-year guidance. Moreover, management said it wasn't seeing any tariff-related change in customer behavior three weeks after April 2. In the first quarter, Cadence reported revenue growth of 23.1% to $1.24 billion, meeting expectations, and adjusted non-GAAP (adjusted) earnings per share grew 34.2% to $1.57, coming in ahead of e

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Qualcomm (QCOM -0.21%) provided critical insights that investors will not want to miss.

Microsoft on Tuesday said it will release a new laptop and tablet with chips from Qualcomm at lower prices than before, aiming to get new AI features to a broader set of customers.

Shares are still down around 6% from where they were before last week's report, despite the company beating analyst expectations on both headline figures.

Zacks.com users have recently been watching Qualcomm (QCOM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

The 5G NTN Backhaul Market is set to expand at a CAGR of 20.36%, reaching $2.49 billion by 2030, propelled by the rising adoption of 5G and IoT technology. Regions like North America, especially the U.S., are expected to lead this growth due to advancements in satellite technology. The report covers detailed market insights, competitive landscapes, future trends, and offers actionable recommendations for businesses, aiding in market entry strategies and geographical expansion. The 5G NTN Backhaul Market is set to expand at a CAGR of 20.36%, reaching $2.49 billion by 2030, propelled by the rising adoption of 5G and IoT technology. Regions like North America, especially the U.S., are expected to lead this growth due to advancements in satellite technology. The report covers detailed market insights, competitive landscapes, future trends, and offers actionable recommendations for businesses, aiding in market entry strategies and geographical expansion.

I reiterate a Buy rating for Qualcomm Incorporated with a fair value of $168 per share, driven by strong revenue and profit growth. Qualcomm's X85 modem launch and expansion into non-handset markets, including AI, automotive, and IoT, support its growth trajectory. The company's strategic acquisitions and investments in AI and XR technologies are expected to bolster QCOM's market position and revenue streams.

QCOM reports higher revenues year over year in the fiscal second quarter, backed by healthy demand trends in several markets.