Qualcomm: New Era

 

  • Qualcomm hosted an Auto Investor Day on September 22 to highlight the booming business in the auto sector.
  • The wireless chip company enters a new era with business quickly shifting into the Autotech sector with a design-win pipeline surging to $30 billion.
  • The stock shouldn't trade at only 9x EPS FY23 targets.
Only a few years ago, Qualcomm (NASDAQ:QCOM) didn't have much of a business beyond smartphones. Now, the wireless chip giant hosted an Auto Investor Day due to surging demand and a growing order book. My investment thesis is ultra-Bullish on the stock due to the cheap valuation on the dip to $120 and the growth opportunities outside of handsets.

Read the full article on Seeking Alpha. 

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


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