SUPERNEWS - NASDAQ:QCOM (QUALCOMM Incorporated) Stock Price, News, Quote, History

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Qualcomm's Q3 Sales Forecast Beats Estimates, AI Phones in Focus

India's Semiconductor Ambitions Supported by Qualcomm's Chip Design Operations

Qualcomm designs chips entirely in India, supporting Modi's semiconductor push with a $21.3 million investment in Chennai.

4/23, 02:14 EDT

Qualcomm's Earnings Beat Looms, Bernstein Bullish at $160

Qualcomm is expected to report Q4 revenue of $9.5 billion and earnings of $2.37 per share, with Q1 forecasts at $9.3 billion and $2.25 per share. Bernstein analyst Stacy Rasgon maintains an Outperform rating and a $160 price target, highlighting Qualcomm's low valuation and strong product lineup. - Despite industry declines, Qualcomm's stock has risen 10% over the past year, outperforming the broader semiconductor sector represented by SOXX's 50% increase. ## Qualcomm Earnings Report Expectations The Wall Street consensus estimates for Qualcomm's December quarter revenue are $9.5 billion with adjusted earnings of $2.37 per share. Analysts also project the current quarter's revenue to be $9.3 billion and earnings of $2.25 per share. ## Bernstein Analyst Reiterates Outperform Rating Bernstein analyst Stacy Rasgon has reiterated his Outperform rating on Qualcomm shares, emphasizing the stock's low valuation and reaffirming his price target of $160. He believes that Qualcomm’s chips and other products this year are the best in the company’s history, which could drive future growth. ## Stock Performance and Industry Outlook Qualcomm stock has seen a 10% increase over the past 12 months, compared to a 50% rise for the iShares Semiconductor ETF (SOXX). Rasgon is optimistic about potential unit growth in the smartphone industry in 2024 after two consecutive years of declines, which could benefit Qualcomm as a major chip supplier for smartphones. ## STREET VIEWS - Stacy Rasgon, Bernstein Analyst (**Bullish** on Qualcomm): > "The stock remains inexpensive. The smartphone industry should be poised for some unit growth in 2024 following two consecutive years of declines." #Qualcomm #QCOM #earningsbeat #Bernstein #semiconductor #SOXX #smartphoneindustry #Outperform <div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.barrons.com/articles/qualcomm-earnings-stock-price-f036ae8e" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [1]  </div> <span> Qualcomm Earnings Are Today. Its Chip Products Look Strong and Its Stock Is Cheap.    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.barrons.com/livecoverage/microsoft-alphabet-google-amd-earnings-stock-price-today/card/amd-stock-falls-on-weak-outlook-dpptQEFTvF0WPITavVje" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [2]  </div> <span> AMD Stock Falls on Weak Outlook    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.barrons.com/articles/silicon-labs-earnings-stock-accounting-c74fda89" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [3]  </div> <span> Silicon Labs Stock Is Sliding. There’s an Accounting Issue.    </span> <span class="MuiTouchRipple-root"></span> </a> </div>

1/31, 03:24 EST

Third Point Bets Big on AI, Alphabet Drives 17% Gain

Third Point invests nearly 50% in AI, spotlighting Alphabet for its AI advantage and initiating a dividend amidst tech sector growth.

4/30, 19:51 EDT

AI Boom Drives Semiconductor Demand, TSMC and Super Micro Poised for Growth

JPMorgan highlights TSMC's pivotal role in AI, projecting a 27% revenue increase from AI by 2027, and Super Micro's potential 15% AI server market share.

3/26, 11:53 EDT

Qualcomm's Q3 Sales Forecast Beats Estimates, AI Phones in Focus

5/1, 16:25 EDT

India's Semiconductor Ambitions Supported by Qualcomm's Chip Design Operations

4/23, 02:14 EDT

Qualcomm's Earnings Beat Looms, Bernstein Bullish at $160

1/31, 03:24 EST

QCOM News

Microsoft to Unveil AI PCs with NPU Chips at Build 2024 Conference

5/19, 08:17 EDT

Arm Eyes 2025 for AI Chips Launch, SoftBank Invests $960M

5/12, 23:43 EDT

Nvidia & Partners Poised for Gain with Arm Chips by 2027

5/9, 19:28 EDT

U.S. Cuts Chip Exports to Huawei, Aims to Limit Tech Rise

5/7, 23:05 EDT

Nasdaq Up 200 Points; Dentsply Falls, Tech Stocks Rally

5/2, 14:58 EDT

S&P 500, Nasdaq Up Post-Powell; Qualcomm Leads Chip Surge

5/2, 13:48 EDT

Powell Rally Fades, Apple Faces China Woes, Jobs Data Looms

5/2, 13:14 EDT

After-Market: Tech and Retail Stocks: A Tale of Unpredictable Shifts

5/1, 17:12 EDT

Qualcomm's Q3 Sales Forecast Beats Estimates, AI Phones in Focus

5/1, 16:25 EDT

Third Point Bets Big on AI, Alphabet Drives 17% Gain

4/30, 19:51 EDT

Big Tech Shifts: Alphabet's Dividend & $70B Buyback Spark Interest

4/30, 16:03 EDT

Loeb's Third Point Bets Big on Alphabet, AI Dominates Portfolio

4/30, 15:53 EDT

Dividend Tech Stocks Surge; Alphabet Leads with New Payout

4/30, 12:54 EDT

Intel's Stock Hits Year-Low, Down 37% Amidst Revival Plan

4/26, 13:08 EDT

Legal Dispute at Centerview: Court Rules Against Ex-Banker's Claim to Stake

4/23, 16:11 EDT

Tech Giants Nvidia, Tesla, Apple in Focus: Analysts Optimistic

4/23, 08:52 EDT

Pre-Market: GM and Danaher Surge, Abeona Plummets in Pre-Market Drama

4/23, 08:51 EDT

Kolanovic Sees More Stock Downturn Amid Rising Risks

4/23, 06:40 EDT

India's Semiconductor Ambitions Supported by Qualcomm's Chip Design Operations

4/23, 02:14 EDT

Nvidia Leads AI Chip Race, Faces Rising Rivals

4/19, 02:33 EDT

Nvidia, Chip Stocks Enter 10% Correction Amid Rate, China Woes

4/18, 01:17 EDT

ASML Bookings Plunge 61%, Chip Stocks Tumble

4/17, 15:12 EDT

AMD, Intel Shares Fall 4% as China Orders Removal of Foreign Chips

4/12, 11:59 EDT

Marvell's Dip Seen as Buy Chance Amid AI Growth, Analysts Say

4/12, 06:10 EDT

AMD's China AI Chip Faces U.S. Ban Amid Tech Tensions

4/12, 00:55 EDT

U.S. Chipmakers Adapt Amid China Tensions, AI Chip Focus

4/12, 00:52 EDT

Qualcomm's AI Edge Amid $9.5B Rev, Earnings Caution

4/11, 12:13 EDT

Nvidia & Apple Hold Strong, Robinhood Downgraded in Analyst Calls

4/11, 08:38 EDT

Pre-Market: Interest Rate Worries Dip S&P Futures, Ally Falls 2.7%

4/3, 08:54 EDT

Fed Speculation Sparks Worst S&P 500 Day in a Month

4/2, 19:02 EDT

Wall Street Views

Morgan Stanley

Erik Woodring, 5/19/24

Bullish on

AAPL

AMD

INTC

“I remain bullish on the PC market recovery due to commentary from customers and recent upward revisions to notebook original design manufacturer (ODM) builds.”

Celesta Capital

Nicholas Braithwaite, 4/26/24

Neutral on

AAPL

AMD

INTC

“Intel is a big iconic semiconductor company which has been the leader for many years. And I think it’s a company that is worth trying to save, and they have to come back to competitiveness.”

Counterpoint analyst

Akshara Bassi, 4/26/24

Bearish on

AAPL

AMD

INTC

“I think everyone has been hearing them say the next quarter will be better for two, three years now.”

AMD

Andrew Dieckmann, 4/19/24

Bullish on

AMD

AMZN