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Qualcomm: Stepping Over The Wall With AI

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  • Qualcomm plans to expand into AI, AR/VR, and automotive chips to diversify from the mature handset market.
  • The company sees a big opportunity in on-device generative AI chips, with potential partnerships with Meta Platforms and Microsoft.
  • The stock is cheap at only 12x conservative EPS targets.
  • Out Fox The Street members get exclusive access to our real-world portfolios. See all of our investments here » 
As with a lot of technology companies, Qualcomm (NASDAQ:QCOM) ran into a wall last year as elevated Covid spending on electronics led to a dip in demand for key markets. Ultimately, though, the wireless chip giant will step over the wall with new ventures into AI, AR/VR and automotive chips to expand from the mature handset market. My investment thesis remains ultra Bullish on the stock trading at multi-year lows at $115.

Read the full article on Seeking Alpha. 

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

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