AI Expansion vs Apple Risk
Technical Outlook and Price Levels
QCOM trades near its 50-day moving average of $156.42 and above its 200-day average of $155.77, suggesting stable technical momentum. Key support sits at $156 and $150, while resistance remains at $182.10, the 52-week high. A breakout above $182 could trigger a run toward $200–225, in line with bullish analyst targets. A breakdown below $150 could open downside toward $140, which aligns with cautious ratings like Wells Fargo’s Underweight stance.
Investment View on NASDAQ:QCOM
At $160.94, Qualcomm represents a value-heavy AI play, trading at barely half the multiple of AMD or Nvidia. While risks around Apple’s exit and client…
