IB Net Payout Yields Model

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.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
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. 


Comments

Popular posts from this blog

Occidental: Still Producing Too Much Oil

ChargePoint: Low Quality Beat

Aurora Cannabis: Deal Or No Deal