QUALCOMM DEEP DIVE (DD): A Trillion dollar Market Cap InboundQUALCOMM DEEP DIVE (DD):
A Trillion-dollar Market Cap Inbound
In this video, we will be doing a DEEP DIVE into:
1.) NASDAQ:QCOM H&S Pattern
2.) Why Qualcomm is a great investment, 6/6 score
3.) Implications for NASDAQ:INTC & NASDAQ:MBLY if they're acquired by Qualcomm. BULLISH MOBILEYE!
4.) Combining fundamental & technical analysis into investing
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#investing
QCOM
QUALCOMM (QCOM): Diversified Growth Amid DowntrendQualcomm ( NASDAQ:QCOM ) presents an intriguing setup as we believe the wave I and a larger cycle might have concluded. Following its peak, NASDAQ:QCOM has dropped nearly 30%, retracing back to the range high. To finalize wave (A), we expect an additional leg down to complete the intra 5-wave structure. The likely target lies between $143 and $133, a range that aligns well with the Point of Control (POC) from March 2020 to now. This adds confluence to its significance as a potential support zone.
Despite the technical setup, we caution that the risk for a long position remains high. A more favorable entry could arise once NASDAQ:QCOM reclaims the range, validating the start of a potential bullish wave.
For the current quarter, Qualcomm projects revenues between $10.5 billion and $11.3 billion, with automotive sales anticipated to rise 50% year over year. CEO Cristiano Amon’s strategy to diversify Qualcomm beyond smartphones into chips for PCs, cars, and industrial machines underscores the company’s adaptability.
The next financial results release is scheduled for January 29, 2025, offering further insights into Qualcomm’s trajectory.
The $143-$133 range is a key zone for potential support, bolstered by its alignment with the POC. A decisive break below this zone could invalidate the bullish outlook, while a breakout above the range high may provide an opportunity to long this stock with lower risk. The completion of wave (A) would ideally coincide with a structural turnaround.
We are closely monitoring NASDAQ:QCOM for any signs of a reversal. Should the stock confirm a reclaim of the range, we may consider initiating a long position with a more precise stop-loss strategy. Until then, patience and vigilance are essential.
Qualcomm: Target Zone Ahead!While many tech-sector stocks are aiming for new highs, QCOM remains locked in a narrow range around the $170 level. Last week, the stock initially reacted to the 23.60% retracement and now hovers near the edge of our blue Target Zone (coordinates: $159.57 to $121.52). Our primary expectation is for the blue wave (IV) to extend further below the support at $151.39, where we anticipate its low point. Technically, a direct breakout to the upside is also possible, as our Target Zone – and thus the minimum correction threshold – has already been reached. If the price decisively breaks above the resistance levels at $193.84, an overarching alternative wave count will come into play (probability: 33%).
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.
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
QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE NASDAQ:QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE INBOUND!
NASDAQ:QCOM IS ON THE UP AND UP!
- Symmetrical Triangle Breakout
- Stochastic Curling Upward
- MACD Crossing Zero Line
- RSI Higher Highs
CATALYST: SEMIS ON THE RUN AGAIN!
Not Financial Advice!
Approaching some nice support on QCOM!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
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.
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.
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.
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.
$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.
QCOM QUALCOMM Incorporated Options Ahead of EarningsIf you haven`t bought QCOM on this support:
Then analyzing the options chain and the chart patterns of QCOM QUALCOMM Incorporated prior to the earnings report this week,
I would consider purchasing the 170usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $6.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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.
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.