Tuesday, October 2, 2018

Qualcomm: IoT Boost

Qualcomm has growth driver in the Internet-of-Things (IoT) market.
The market will start looking beyond just mobile communications as FY19 starts.
The $7 EPS target is a base case for FY19 with growth areas providing upside potential in the future.
As Qualcomm (QCOM) looks to move away from the termination of the NXP Semi. (NXPI) merger, a big key is whether the company can shift away from reliant on the maturing wireless sector. The NXP Semi. deal promised a shift into connected cars, but Qualcomm alone is making a strong push into the promising IoT sector providing a solid long-term boost to my investment thesis on the cheap stock.
Read the full article on Seeking Alpha. 

Disclosure: Long QCOM. Please review the disclaimer page for more details. 
 

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