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QCOM

Focus on demand in semiconductors, NVDA leading the way.While there are minor disputes among smaller semiconductor firms, the real focus should be on demand. NVDA is making tremendous strides in the data center space. My long-term target is around $171, but in the short term, we need a weekly close above $140.76 for confirmation. I'm a buyer near $141, with $136.15 standing out as the most attractive entry point in the support zone. Falling below this level could lead to short-term frustration.
NASDAQ:NVDALong
by Tolgaun6
QCOM (QUALCOMM Incorporated) BUY TF M30 TP = 172.60On the M30 chart the trend started on Oct.8. (linear regression channel). There is a high probability of profit taking. Possible take profit level is 172.60 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
NASDAQ:QCOMLong
by WeBelieveInTrading
1
QCOM -- riding the "MicroChip/AI" growth era. UPSIDE in order!QCOM is signaling a BIG BUY ALERT as big news recently came up -- with Meta and Qualcomm teaming up to run big A.I. models on phones. Qualcomm and Meta will enable the social networking company's so-called new large language model, Llama 2, to run on Qualcomm chips on phones and PCs starting in 2024. The chipmaker says the technology will enable applications like intelligent virtual assistants. On our monthly data, long term price shift has already commenced. The stock bounce of a 61.8 FIB level with precision. The 120ish price area has been a reliable major order block support for quite sometime. On histogram, higher lows has been created conveying the current price range as the new base for the incoming series of ascend. Volume has been surging in an impressive fashion. Net positive volume is up by 154% from 9.32M to 23.7M. This shows significant buyer's positioning on the company's prospective fundamental and technical growth. If you think NVDA is too high now -- and want a similar growth prospect within the same industry, QCOM will no doubt fit the bill. The room for growth for this tech stock is unbounded. Expect some notable price growth from here on for QCOM -- as the world enters a new era of technical innovations. Spotted at 124.0. TAYOR Safeguard capital always.
NASDAQ:QCOMLong
by JSAL
6
Qualcomm- TSMC Production Amidst Geopolitical UncertaintyQualcomm's (QCOM) decision to leverage TSMC's production for its new Snapdragon X Elite chip presents a compelling opportunity, but geopolitical tensions and market competition necessitate careful consideration. Long Potentia l Superior Chip Performance: The Snapdragon X Elite boasts superior AI capabilities and battery life compared to current offerings, potentially capturing significant market share. TSMC Production Efficiency: TSMC's advanced production capabilities ensure efficient chip manufacturing, potentially boosting Qualcomm's profitability. Short Potential Geopolitical Risk: Rising tensions between China and Taiwan threaten to disrupt TSMC's production, jeopardizing Qualcomm's supply chain and production timelines. Market Competition: Intel's neuromorphic processors and Apple's M-series chips pose a significant competitive threat, potentially hindering market adoption of the Snapdragon X Elite. Indicators Geopolitical Developments: Closely monitor news and pronouncements regarding the China-Taiwan situation for potential disruptions to TSMC's operations. Stock Price Movements: Track the stock price movements of QCOM, INTC (Intel), and AAPL (Apple) to gauge market sentiment towards the competing chip technologies. Market Adoption: Analyze sales figures and market adoption rates of Snapdragon X Elite-powered laptops to assess the chip's performance. Catalysts * **Positive Market Reception:** Strong reviews, high sales figures, and widespread adoption of Snapdragon X Elite laptops would significantly improve Qualcomm's market position. * **Strategic Partnerships:** Increased partnerships with major OEMs for Snapdragon X Elite integration would bolster market share and revenue potential. * **Geopolitical De-escalation:** De-escalation of tensions between China and Taiwan would mitigate supply chain risks and boost investor confidence. Risk Factors Military Conflict: A Chinese invasion of Taiwan causing a TSMC production halt would have a devastating impact on Qualcomm's production and stock price. Technological Disruption: Superior performance of Intel's neuromorphic processors could render the Snapdragon X Elite obsolete. Lower-than-Expected Demand: Lower-than-expected market demand for Snapdragon X Elite chips would negatively impact Qualcomm's revenue and profitability. Conclusion Qualcomm's strategic shift hinges on navigating geopolitical uncertainties and a fiercely competitive market. By closely monitoring these factors and potential catalysts, traders can make informed decisions to capitalize on potential opportunities or mitigate risks.
NASDAQ:QCOMShort
by signalmastermind
Qualcomm Deepens Taiwan Ties with Kaohsiung Innovation CenterQualcomm Technologies Inc. (QTI) has opened a new innovation center in Kaohsiung, Taiwan, highlighting its commitment to Taiwan's growing tech sector and 5G ecosystem. This strategic move supports local startups and aligns with Kaohsiung's plans to build a comprehensive semiconductor supply chain, bolstered by TSMC's new chip plant. The center will offer incubation support, business guidance, and access to advanced labs for 5G AIoT, O-RAN, and robotics applications. While acknowledging the geopolitical risk posed by China's claims on Taiwan, QTI sees significant opportunities in the region's talent pool. By expanding its innovation network, including centers in Vietnam and India, QTI aims to mitigate potential disruptions and capitalize on Taiwan's tech potential. This strategic move underscores Qualcomm's proactive approach to navigating a complex geopolitical landscape.
NASDAQ:QCOMShort
by signalmastermind
Qualcomm Shares Rises 4.24% On NVIDIA's Earnings BeatQualcomm shares ( NASDAQ:QCOM ) surged by 4.31% following NVIDIA's impressive earnings report, boosting investor confidence and causing a ripple effect on $QCOM. The semiconductor industry experienced a surge as investors reacted positively to NVIDIA's robust financial performance. NVIDIA's earnings report, which beat expectations with adjusted earnings per share of $6.12 and revenue of $26 billion exceeding the estimated $24.6 billion, acted as a significant catalyst for semiconductor stocks. Qualcomm ( NASDAQ:QCOM ), being a key player in the semiconductor market, benefited from the positive sentiment generated by NVIDIA's stellar results. The market's response to NVIDIA's earnings highlights the strength and growth potential of the semiconductor sector. As NVIDIA continues to demonstrate strong performance, investors should be optimistic about the prospects for semiconductor companies like Qualcomm ( NASDAQ:QCOM ). Factors such as technological advancements and market demand will continue to influence Qualcomm's performance and the semiconductor sector as a whole. Technical Outlook Technical indicators like the Relative Strength Index (RSI) which sits at 81.25 shows ( NASDAQ:QCOM ) stock is in an overbought region meaning an impending trend reversal is on the horizon.
NASDAQ:QCOMLong
by DEXWireNews
$QCOM - Geometric reading of radially spaced projected trendsI'm applying a similar approach to Qualcomm, observing its interaction with a trend line that has served as both support and resistance for years, spanning over six years. This trend line is currently acting as a point of resistance, but given the robust market conditions and compelling reasons for a breakthrough, it presents an excellent case study. My charting methodology is akin to tracking the organic path of a living entity navigating through the geometric space of data and information convergence.
NASDAQ:TSLA
by mindfree
Qualcomm Surges on AI-Powered Smartphone Market RevivalIn a remarkable turn of events, Qualcomm ( NASDAQ:QCOM ), the global leader in smartphone chip manufacturing, has defied expectations with a bullish forecast for the fiscal third quarter, driven by a resurgence in the smartphone market fueled by artificial intelligence innovations. Riding the AI Wave: Qualcomm's optimistic outlook stems from the accelerated adoption of smartphones equipped with advanced AI features, breathing new life into the industry. As consumers seek enhanced functionalities and seamless user experiences, Qualcomm ( NASDAQ:QCOM ) stands at the forefront, leveraging AI technology to redefine the smartphone landscape. Diversification Sparks Growth: Beyond smartphones, Qualcomm's expansion into new markets such as automotive and wearable devices has bolstered its revenue streams, surpassing Wall Street expectations in the second quarter. The company's foray into selling chips for cars and headphones has proven particularly fruitful, highlighting its agility and adaptability in responding to evolving market trends. Competitive Landscape: Despite facing stiff competition from the likes of China's Huawei and Taiwanese rival MediaTek, Qualcomm continues to dominate the smartphone chip market, counting industry giants Apple and Samsung among its loyal clientele. While competitors vie for market share, Qualcomm's strategic positioning and technological prowess set it apart, ensuring sustained growth and resilience amidst challenges. Navigating Regulatory Hurdles: Amidst regulatory complexities and geopolitical tensions, Qualcomm remains steadfast in its commitment to compliance and ethical business practices. The company's ongoing negotiations with Huawei underscore its proactive approach to addressing legal and contractual obligations, mitigating potential risks and uncertainties. AI-Powered Innovation: Qualcomm's strategic focus on consumer-centric AI applications is poised to revolutionize the way we interact with our devices. With plans to release chips designed to power laptops and enable AI chatbots directly on devices, Qualcomm ( NASDAQ:QCOM ) is poised to capitalize on evolving consumer preferences and drive the next wave of technological innovation. Financial Outlook: With a forecast for third-quarter sales and adjusted profit surpassing analyst estimates, Qualcomm's financial resilience and growth trajectory remain robust. Bolstered by strong performance in both its chip and patent-licensing segments, Qualcomm is well-positioned to capitalize on emerging opportunities and deliver sustained value to its shareholders. Looking Ahead: As Qualcomm ( NASDAQ:QCOM ) charts its course forward, the company's unwavering focus on innovation, diversification, and strategic partnerships will continue to fuel its ascent in the dynamic technology landscape. With AI as its guiding force, Qualcomm ( NASDAQ:QCOM ) is poised to shape the future of mobile computing and drive transformative change across industries.
NASDAQ:QCOM
by DEXWireNews
Qualcomm (QCOM): Waiting for Long EntryQualcomm (QCOM): NASDAQ:QCOM For Qualcomm Inc. on the weekly chart, we now assume that after the significant rise during the Dotcom Bubble for Wave (1), and having observed Waves (4) at $101.47, we are approaching the completion of Wave (5) / the first 5-wave cycle towards Wave I. We expect this Wave (5) to be in the range of 50 to 61.8%. This places us at a level of $184 to $203. The maximum for Wave (5) is at $266.5, which is less typical. The more common range is between 50 and 61.8% in the Fibonacci extension. Thus, we anticipate surpassing our all-time high slightly, and specifically, the Wave B of the correction wave (4) before $193.85. Please note that there is a not so small possibility that we have not seen the wave (3) and (4) yet and we are going to surge even higher. In the short term, we aim to make entry into Qualcomm. We assume that we have completed Wave 3 and will see a downward correction. For the Wave 4, we expect to reach between 38% and a maximum of 50%. The 50% level coincides with the level of Wave 1, so we do not expect to fall below this. The level of Wave 1 is at $140, setting our stop-loss below $140. We anticipate an increase from 50 to 61.8%, and going beyond this would be unlikely. We are going to wait again before we share our limit order because we want to be sure and see some weakness.
NASDAQ:QCOMLong
by freeguy_by_wmc
Qualcomm Positions for Growth Amidst Chip Glut ChallengesQualcomm Inc., (NASDAQ: NASDAQ:QCOM ) the global leader in smartphone processors, is charting its course for growth despite facing challenges in the form of a chip glut and sluggish demand for internet-connected appliances. As the company reveals its expectations for a modest recovery in 2024, a closer look at its recent fiscal first-quarter earnings report provides insights into the strategies employed by Qualcomm (NASDAQ: NASDAQ:QCOM ) to navigate the industry-wide inventory drawdown and capitalize on emerging opportunities. Key Insights from Qualcomm's (NASDAQ: NASDAQ:QCOM ) Fiscal First-Quarter Report: 1. Modest Recovery Projections: Qualcomm (NASDAQ: NASDAQ:QCOM ) anticipates a modest recovery for the industry in 2024, particularly in smartphone shipments, which are expected to be "flat to up slightly." The company acknowledges the challenges posed by oversupply in its second-largest business – providing chips for connected devices. 2. Industrywide Inventory Drawdown: CEO Cristiano Amon highlights Qualcomm's commitment to positioning itself for growth while navigating the industrywide inventory drawdown. The company is proactively working to address oversupply issues and capitalize on the potential rebound in phone shipments. 3. Diversification Efforts: To mitigate dependence on the phone market, Qualcomm (NASDAQ: NASDAQ:QCOM ) is diversifying its portfolio, making strategic forays into automotive and personal computer chips. The fiscal first-quarter results indicate success in these endeavors, with automotive sales rising by 31%. 4. Positive Signs in Handset Revenue: Despite challenges, Qualcomm (NASDAQ: NASDAQ:QCOM ) reports a 16% increase in revenue from handsets in the last quarter, signaling potential positive momentum in the smartphone market. This comes after a 27% decline in the previous three months, providing some relief to investors. 5. Strategic Partnerships: Qualcomm (NASDAQ: NASDAQ:QCOM ) announces an extension of its patent licensing agreement with Apple Inc. by two years, now extending until March 2027. Additionally, a new agreement with Samsung Electronics Co. positions Qualcomm processors as the foundation for future Samsung devices. 6. Challenges in Connected Devices Segment: While smartphone-related revenue shows promise, Qualcomm (NASDAQ: NASDAQ:QCOM ) faces headwinds in the market for internet-connected appliances, with a 32% decline in revenue from chips for such devices. The company is actively addressing this weakness to ensure a more balanced revenue stream. Conclusion: As Qualcomm (NASDAQ: NASDAQ:QCOM ) grapples with the aftermath of a chip glut and works towards a recovery in 2024, the company's strategic initiatives, diversification efforts, and positive partnerships position it as a resilient player in the tech industry. While challenges persist in the connected devices segment, Qualcomm's focus on growth, innovation, and adapting to industry dynamics will likely play a pivotal role in shaping its future success. Investors and industry observers will be closely watching Qualcomm's moves in the coming quarters as it navigates the evolving landscape of technology.
NASDAQ:QCOMShort
by DEXWireNews
Qualcomm Invests Further In Mobile AI With Chip Qualcomm (QCOM) rolled out a number of key AI announcements today, as the company seeks to cement itself as a major player in mobile chips. Those announcements include a new compute platform, called Snapdragon X Elite; a new central processing unit chip, called the Qualcomm Oryon CPU; and a new smartphone chip, named the Snapdragon 8 Gen 3. Though Qualcomm makes chips, it doesn't produce the sought-after GPUs that have become standard for training AI models. That field is dominated by Nvidia (NVDA), though players like Intel (INTC) and AMD (AMD) are racing to catch up amid the GPU shortage. Qualcomm, throughout the AI boom, has sought to carve out a niche that's linked to mobile and about increasing efficiency. The Snapdragon 8 Gen 3, Qualcomm's mobile platform for Android smartphones, was designed to emphasize generative AI — for example, offering the ability to run large language models, like Meta's (META) Llama 2. The chip will begin appearing in major Android devices over the next few weeks, and will also bring enhanced gaming and audio features. The company's Snapdragon X Elite compute platform is designed to give Windows computers an AI boost. Devices with Snapdragon X Elite aren't set to launch until the middle of 2024 — but the platform will feature a new chip that Qualcomm is expected to emphasize moving forward, the Qualcomm Oryon CPU. According to Qualcomm, the Oryon CPU is faster than Arm-based (ARM) competitors, a group that includes Alphabet's Google (GOOG, GOOGL), Samsung, and TSMC. The chip purportedly matches the peak performances of both Apple's (AAPL) M2 chip and Intel's 13980Hx, with less power. The product is an implicit shot at AMD and a multilayered stab at Intel, both of which use Arm intellectual property in some of their chips. Despite the hype around semiconductors, Qualcomm shares have underperformed the S&P 500 this year. The company is wrestling with slowing smartphone sales and an increasingly competitive landscape. 2 QCOM -3.52% INTC -4.15% AMD -4.43% AAPL -1.06% Qualcomm unveils new PC and smartphone chips focused on AIScroll back up to restore default view. Alexandra Garfinkle Alexandra Garfinkle·Senior Reporter Tue, October 24, 2023 at 10:11 PM GMT+1·3 min read In this article: QCOM -3.57% Watchlist Watchlist Performance Outlookyahoo plus badge 2W-6W 6W-9M 9M+ INTC -4.26% AMD -4.55% AAPL -1.12% Qualcomm (QCOM) rolled out a number of key AI announcements today, as the company seeks to cement itself as a major player in mobile chips. Those announcements include a new compute platform, called Snapdragon X Elite; a new central processing unit chip, called the Qualcomm Oryon CPU; and a new smartphone chip, named the Snapdragon 8 Gen 3. Though Qualcomm makes chips, it doesn't produce the sought-after GPUs that have become standard for training AI models. That field is dominated by Nvidia (NVDA), though players like Intel (INTC) and AMD (AMD) are racing to catch up amid the GPU shortage. Qualcomm, throughout the AI boom, has sought to carve out a niche that's linked to mobile and about increasing efficiency. The Snapdragon 8 Gen 3, Qualcomm's mobile platform for Android smartphones, was designed to emphasize generative AI — for example, offering the ability to run large language models, like Meta's (META) Llama 2. An photo provided by Qualcomm. (Qualcomm) The chip will begin appearing in major Android devices over the next few weeks, and will also bring enhanced gaming and audio features. The company's Snapdragon X Elite compute platform is designed to give Windows computers an AI boost. Devices with Snapdragon X Elite aren't set to launch until the middle of 2024 — but the platform will feature a new chip that Qualcomm is expected to emphasize moving forward, the Qualcomm Oryon CPU. According to Qualcomm, the Oryon CPU is faster than Arm-based (ARM) competitors, a group that includes Alphabet's Google (GOOG, GOOGL), Samsung, and TSMC. The chip purportedly matches the peak performances of both Apple's (AAPL) M2 chip and Intel's 13980Hx, with less power. The product is an implicit shot at AMD and a multilayered stab at Intel, both of which use Arm intellectual property in some of their chips. Despite the hype around semiconductors, Qualcomm shares have underperformed the S&P 500 this year. The company is wrestling with slowing smartphone sales and an increasingly competitive landscape. "Near term, demand for handsets remains extremely depressed amid a severe channel inventory drawdown while orders from China Android manufacturers have yet to snap back," wrote CFRA analyst Angelo Zino, who rates the stock a Hold. "Although we like Qualcomm's potential to diversify over time, we are wary of its position given structural share loss across the Android ecosystem." Qualcomm's partnership with Apple is also vital to its near-term prospects — and fragile, as Apple has chipmaking ambitions of its own. In September, Qualcomm and Apple re-upped an iPhone deal that sent Qualcomm's shares surging. "The deal marks a second time that Apple has had to strike a multiyear contract to source thin modems from Qualcomm, in a contractual relationship that Apple sees as unfair but necessary," Argus Research director Jim Kelleher wrote in September. "For Qualcomm, the agreement locks up a key high-volume customer at a time when financial pressures and modest gains in smartphone function and efficiency are limiting demand for new phones."
NASDAQ:QCOMLong
by DEXWireNews