Qualcomm (QCOM)

Has just added more shares and owned this while, despite shares lagging in recent weeks. It's well-positioned considering Apple. Also, it pays nearly a 2% dividend. Will buy more if this pulls back.

Pretty fully priced, he took profit. He deploys profits into other names with decent runways. To determine if fully priced, he reviews the published analysts' price targets and does his own.

Like Nvidia, though growth and volatility are a little less. Their deal with Microsoft of putting chips into PCs is great. And Apple extended their partnership by a year. Grows at 15% at a good 20x PE.

Last week, MSFT announced they will put Qualcomm chips in their tablets which was powerful news. So, the forward PE has risen to 18x, high for the company, and so are price targets but deserved

None of the chip companies should be considered a long-term hold. Very cyclical sector. Great space, but be selective. This name has diversification to offset some of that risk, with good exposure to AI.

They dominate chips for phones, but phone sales were declining post-pandemic and everyone's got 5G. Also, Apple was talking about building its own chip, but eventually didn't. Shares have run up, but he targets $180. Trades at 16x PE and pays a 2.5% dividend. QCOM is also specializes in assisted driving systems. 

Great chart. Consolidated over the latter half of 2022 and most of 2023. Broken out. Overbought, without question, as its move in the last couple of months has been so sharp. Pullback highly likely. OK to buy as long as doesn't break "neckline" around $130, the old resistance point.

Has done well on fundamentals, not excessively expensive. Less of a pure AI play, so not as sensitive to moves in that area. Broader diversification. Trades at 60-70% of the valuation of AVGO.

Down last Friday, because it's more of a cell phone play, when cell phones are weak. Shares are not expensive, though.  Prefers AMD and others.

Has caught his eye, as it's just starting to move up on the short-term. Three positives: pretty big price action today, one of his complex technical indicators says Buy, and rising RSI compared to the S&P. If we can get above $146, that will usher in some air space to around $195-200. Short-term and long-term both look good. He'd buy today. 

They will benefit from the next iPhone cycle that is coming in the next 12 months. QCOM makes their chips. Secondly, they will supply more EV cars with chips. Third, same goes with gen-AI.

Earnings expectations coming down, has recently sold shares. Better options for investors in semi-conductor sector. 

He bought and sold this too early. QCOM has too much hype around it.

Chart indicating momentum upwards. Would recommend chasing the trend. Very good business. Recent breakout is sustainable. Good time to ride the "trend". 

His choice in the space, which will do well over time.