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Among the top chip stocks garnering significant attention in today's market is Qualcomm (NASDAQ: QCOM ). Indeed, shares of QCOM stock are up more than 2% as of this writing amid broader interest in the chip sector heating up.
Qualcomm Inc (NASDAQ: QCOM) is gaining in premarket on Tuesday following a report that Samsung Electronics Co Ltd (KRX: 005930) plans on switching entirely to chips made by the California based company.
Qualcomm Inc. QCOM has been on a tear, with its stock up 53.65% year-to-date and 85.46% higher over the past year. The latest boost?
It took some time for Qualcomm (NASDAQ: QCOM ) to become regarded as a top AI play, but since it took shape late last year, Qualcomm stock has been on a tear. Shares in the mobile chip company have surged by more than 52% over the past six months.
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Qualcomm's FY Q2'24 results showed strength, both on the top and bottom line, as the company's handset and automotive business continues to do well. FY Q3'24 is somewhat expected to be the trough quarter, and there should be a positive set up going forward, with multiple tailwinds driving growth. Revenues from Chinese OEMs grew 40% in FY H1'24, with the trend expected to continue.
Qualcomm's Snapdragon AI chips have experienced massive growth in China. The company may upend the PC market with its AI PC chip.
Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.
A two-year legal battle pitting two tech titans threatens to disrupt an emerging wave of new personal computers powered by artificial intelligence, tech industry executives and experts say.
Qualcomm's advancements in on-device AI chip functionality could be a game changer, poised to capitalize on the growing demand for AI-capable devices. The company's deep integration into the supply chains of major smartphone manufacturers and recent financial performance demonstrate a surge in demand for their AI chips. Despite concerns about the U.S. chip ban impacting Qualcomm's business in China, the company's diversified market and strong position in AI technology still make it a compelling investment.