Qualcomm devices are evolving into AI powerhouses, and smartphones featuring Qualcomm chips are no exception. The company recently launched its Snapdragon 8 Gen 3, supporting AI models. The chip’s capabilities extend to generating AI-enhanced images, powering mobile gaming experiences, or delivering studio-quality sound.
Expanding Beyond Smartphones
However, Qualcomm’s reach goes beyond smartphones. The company has expanded into the Internet of Things and automotive chips and is now developing processors for laptops and tablets. These products are poised to further enhance Qualcomm’s AI capabilities.
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Surpassing Demand Slowdown
Overcoming demand slowdown, Qualcomm Stock (QCOM) is gaining momentum. In the last quarter, revenue surged by 5% year-over-year. The company remains profitable, with net income growing by 24% year-over-year.
Attractive Investment Opportunity: Qualcomm Stock
Despite the impressive stock price growth of 35% over the past year, Qualcomm Stock presents an attractive valuation. With a P/E ratio of 24 and a forward P/E ratio of 17, Qualcomm appears attractively priced, particularly considering the forward earnings of prominent industry competitors, whose forward P/E ratios exceed 40.
Explore Qualcomm’s AI advancements and investment potential with ProfitsForce. Gain insights into Qualcomm Stock growth trajectory, financial performance, and competitive positioning in the AI landscape.
