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QUALCOMM INC

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QCOM trade ideas

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
is 86x is here to stay or ARM base architecture for the winthis is not a financial advice Qualcomm's dominance in mobile processors often flies under the radar, but it's a key player in the semiconductor industry. Their new Snapdragon line for laptops, based on ARM architecture, offers better power efficiency than x86 designs. This means longer battery life and sleeker devices - crucial for modern mobile tech. They're also betting big on AI, integrating Neural Processing Units (NPUs) into their CPUs. This move could revolutionize mobile computing by enabling powerful on-device AI processing. Qualcomm has compilers for running open-source large language models locally on phones, potentially addressing privacy concerns and reducing cloud dependence. While it's facing tough competition from Apple's powerful in-house chips, they've got a major advantage in market reach. Snapdragon chips are in most Android phones, giving Qualcomm a huge slice of the global market. Apple's chips are great, but they're limited to Apple devices. so Qualcomm's doubling down on AI integration and expanding into new areas like automotive tech. The main hurdle? Software and gaming industries are still catching up to ARM architecture, making some consumers hesitant. But with Intel faltering, more folks might start looking ARM's way. let's talk finances : Revenue Growth : -Total Revenue has increased from $8,451 million in Q3 2023 to $9,393 million in Q3 2024, showing a year-over-year growth of about 11.1%. This indicates positive momentum in Qualcomm's business. Gross Profit : -Total Gross Profit has risen from $4,659 million in Q3 2023 to $5,219 million in Q3 2024, an increase of about 12%. This slightly outpaces revenue growth, suggesting improved profit margins. Cost Management : -Cost of Revenue has increased proportionally with revenue, from $3,792 million to $4,174 million. This shows consistent cost management relative to sales growth. Operating Expenses : -Selling, General and Administrative Expenses have increased from $618 million to $664 million, a modest rise considering the revenue growth. -Research and Development Expenses have slightly increased from $2,222 million to $2,259 million, indicating continued investment in innovation. Quarterly Trends : -Looking at the most recent quarters (Q1 2024 to Q3 2024), we see a slight dip in Q2 followed by recovery in Q3, suggesting some quarterly fluctuations but an overall upward trend. Overall, this basic skimming of the balance sheet paints a picture of healthy growth for Qualcomm, with increasing revenues and profits, maintaining cost efficiency, and continued investment in R&D. The company appears to be in a strong financial position with positive year-over-year performance. finally, I think if they broke into the market they r the next Nvidia but timing is hard make ur own decision and take smart and calculated risk
NASDAQ:QCOMLong
by ri_da
QCOM: Major Turning Point! (D&W charts).On the daily chart, the price has recently found support at the 61.8% Fibonacci retracement level, calculated from its previous significant swing low to high. This level, often regarded as a golden ratio in technical analysis, has seen a bullish reaction, indicating buyers stepping in. The price is now hovering around the 50% retracement level, and the 21-day EMA is positioned above the current price, acting as a resistance. On the weekly chart, the 21-week EMA is providing support around the 186.67 level. This EMA has historically acted as a dynamic support throughout the upward trend, which began in late 2023. If the price maintains above this EMA, it could signify continued strength. However, if QCOM loses the 61.8% retracement (D) and the 21 EMA (W), the next support level to watch is around 177.59, derived from previous top level. The confluence of the Fibonacci retracement levels and the support provided by the 21-week EMA suggests that Qualcomm is at a critical juncture. The reaction to these levels will be crucial in determining the next direction for the stock. For now, QCOM is boucing above its support levels, suggesting a bullish sentiment, however, if it loses its support levels, we will see a reversal ahead. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:QCOM
by Nathan_The_Finance_Hydra
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 Rallied and Pulled BackQualcomm rallied to all-time highs in June following a strong earnings report on May 1. Now, after a pullback, some traders may look for further upside. The first pattern on today’s chart is the 50 percent retracement of the move following the quarterly results. QCOM’s ability to hold that zone may suggest its uptrend remains in effect. Second, the chip stock bounced near its rising 50-day simple moving average. That may reflect a bullish intermediate-term trend. Next, prices are above the 21-day exponential moving average (EMA). The 8-day EMA has also crossed back above the 21-day EMA. Those patterns may reflect a bullish short-term trend. Finally, the stock just completed a positive inside week. That may suggest it has stabilized following the latest pullback. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:QCOM
by TradeStation
QCOM - Monthly breakout and retest of prior ATH levelQCOM broke out of the prior All time high and retested, bounced/held the same Prior All Time High made in Jan 2022 - 193.58 Broke out of that level last month (i.e. May 2024) and traded above the prior ATH level so far (made a new high of 230.63 on 18June2024) Traced back to its prior ATH level of and bounced from it in the past two days. Now as long as the prior ATH of 193.58 holds, expecting it to see move higher Stop loss for me would be a close of below 190 on Daily closing basis Expected targets T1 - 210 T2 - 220 T3 - 230 and T4 - 250 If playing options, go with longer dated calls. If not, stick with commons/shares/stocks
NASDAQ:QCOMLong
by adkis
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