Quick Read
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QCOM dropped 8% ahead of Investor Day, but our 12-month price target of $278 signals 36% upside with high conviction.
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Automotive revenue hit a record $1.33 billion (+38% YoY) and combined Automotive plus IoT grew 20%, marking Qualcomm’s push beyond handsets.
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Handsets fell 13% YoY, yet eight straight EPS beats and a fresh $20 billion buyback authorization anchor the bull case.
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Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Qualcomm didn’t make the cut. Grab the names FREE today.
Qualcomm (NASDAQ:QCOM) shares have whipsawed into the chipmaker’s Investor Day, and our model says the post-selloff setup looks compelling on the data.
