Qualcomm Stock Soars with AI Boost

Qualcomm stock soars due to AI advancements, with a 19% year-to-date gain in 2024 and a 39% increase over the past 12 months

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Optimism surrounds potential boost in end-market demand and AI integration, but Wall Street is divided on the stock's outlook

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J.P. Morgan analyst Samik Chatterjee has placed Qualcomm shares on the "Negative Catalyst" watch list

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Chatterjee predicts June quarter guidance may fall short of investor expectations due to smartphone market concerns

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Bernstein analyst Stacy Rasgon raises Qualcomm's target price to $200, emphasizing AI potential at the edge of the network

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Rasgon believes Qualcomm could benefit significantly from growing focus on AI in smartphones and PCs

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Qualcomm's AI PC efforts with Arm-based Snapdragon X Elite chips could drive substantial revenue growth and EPS

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AI adoption can lead to increased content per device, market-share gains, and potentially larger upgrade cycles in smartphones

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Qualcomm's role in AI narrative and computing architecture make it an attractive investment in the tech landscape

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Investors should remain cautious about Qualcomm's earnings and guidance, but remain optimistic about AI growth potential

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Qualcomm Stock Soars with AI Boost

Market-News24.com

Qualcomm stock soars due to AI advancements, with a 19% year-to-date gain in 2024 and a 39% increase over the past 12 months

Market-News24.com

Optimism surrounds potential boost in end-market demand and AI integration, but Wall Street is divided on the stock's outlook

Market-News24.com

J.P. Morgan analyst Samik Chatterjee has placed Qualcomm shares on the "Negative Catalyst" watch list

Market-News24.com

Chatterjee predicts June quarter guidance may fall short of investor expectations due to smartphone market concerns

Market-News24.com

Bernstein analyst Stacy Rasgon raises Qualcomm's target price to $200, emphasizing AI potential at the edge of the network

Market-News24.com

Rasgon believes Qualcomm could benefit significantly from growing focus on AI in smartphones and PCs

Market-News24.com

Qualcomm's AI PC efforts with Arm-based Snapdragon X Elite chips could drive substantial revenue growth and EPS

Market-News24.com

AI adoption can lead to increased content per device, market-share gains, and potentially larger upgrade cycles in smartphones

Market-News24.com

Qualcomm's role in AI narrative and computing architecture make it an attractive investment in the tech landscape

Market-News24.com

Investors should remain cautious about Qualcomm's earnings and guidance, but remain optimistic about AI growth potential

Market-News24.com