Qualcomm's Evolving Growth Beyond Smartphones

3 months ago

Brian

"Our next company is Qualcomm Incorporated, and here's why they're interesting. Everyone knows them for smartphone chips, and that's still 70% of their revenue, but the real growth story is happening in two other places. First, their automotive business exploded 59% year-over-year. They just launched the Snapdragon 8 Elite Gen 5 at their September event, and the AI performance jumped 37% compared to the previous generation. Analysts list Qualcomm with 8.7% upside over the next 12 months."

Qualcomm (QCOM) is presented as diversifying its revenue streams beyond smartphones, with notable growth in its automotive segment and a strong new Snapdragon chip launch, although analyst upside is modest at 8.7%.

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