
NASDAQ:QCOM
This summary was created by AI, based on 9 opinions in the last 12 months.
Qualcomm (QCOM-Q) has seen significant movement in its stock price, with some experts noting a 50% increase and a substantial rise of 76% over the past year. Despite this growth, concerns about its heavy reliance on the smartphone market persist, particularly with key player Apple reducing its reliance on Qualcomm's chips. While the company has diversified into areas like automotive and the Internet of Things, growth in its core handset business remains stagnant. Nonetheless, analysts recognize the potential in Qualcomm's forays into new markets and believe its shares offer value; notably, the stock trades at a discounted PE ratio compared to peers. The balance between these challenges and opportunities leaves Qualcomm's future uncertain but shows promise in AI and automotive applications.
(A Top Pick Feb 18/21, Up 24%) He couldn't understand why this was trading in the mid/low teens in PE. It's growing well within the semis revolution. It helps that they rely on Apple. The street is realizing that their other businesses are growing at a far faster pace. So, when the Apple deal expires in 2023, Apple will comprise under 20% of QCOM's business. QCOM is supplying EVs, 5G and the internet of things. Exciting. Despite rallying QCOM is trading around only 15x earnings.