Added to YB: 2024-03-29
Pitch date: 2024-03-28
QCOM [bullish]
QUALCOMM Incorporated
-22%
current return
Author Info
No bio for this author
Company Info
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide.
Market Cap
$135.3B
Pitch Price
$161.19
Price Target
N/A
Dividend
2.81%
EV/EBITDA
9.91
P/E
25.88
EV/Sales
3.08
Sector
Semiconductors and Semiconductor Equipment
Category
value
Qualcomm: AI PC Option Play
QCOM: Rallied to $170 but not priced like an AI play yet; still below market multiple. New Samsung deal for AI smartphone features & upcoming AI PC chip in mid-2024 to rival INTC, AMD, AAPL. Auto order book $30B+, sales to $4B by FY26. Only 15x FY25 EPS of $10.76 despite growth ahead in 5G, IoT, Auto before AI PCs even kick in. Cheap with big upside on profit rebound & multiple expansion.
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