Qualcomm stock falls after new autos, PC targets fail to wow investors [Yahoo! Finance Canada]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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qualcomm.com/info/investor-relations
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Source: Yahoo! Finance Canada
Qualcomm ( QCOM ) stock fell as much as 6% on Wednesday, a day after the company provided new financial targets for its non-smartphone business at its first Investor Day in three years. Qualcomm, which gets the majority of its revenue from both designing and licensing handset chips, has been expanding into semiconductors that go into cars, personal computers and other devices. The company now expects those businesses to generate a combined $22 billion in sales by 2029. Eight billion dollars of that will come from Qualcomm's automotive segment, where it already has partnerships with the likes of BMW to increase computing functionality in vehicles and push toward more autonomous driving. Qualcomm forecast that $14 billion will come from its Internet of Things segment, which includes extended reality devices and industrial functions. It also includes PCs, expected to account for $4 billion. The company's Snapdragon X Elite chips power Microsoft's latest generation Surface laptop
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QCOM
News
- DeepGreenX and Veea Announce Global Strategic Partnership Agreement [Yahoo! Finance]Yahoo! Finance
- QUALCOMM Incorporated (NASDAQ: QCOM) had its price target lowered by analysts at Susquehanna from $230.00 to $210.00. They now have a "positive" rating on the stock.MarketBeat
- QUALCOMM Incorporated (NASDAQ: QCOM) had its "neutral" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $160.00 price target on the stock.MarketBeat
- Qualcomm Sets New Growth Targets, Showcasing Company's Opportunity as On-Device AI Accelerates Demand for its Technologies [Yahoo! Finance]Yahoo! Finance
- Qualcomm Sets New Growth Targets, Showcasing Company’s Opportunity as On-Device AI Accelerates Demand for its TechnologiesBusiness Wire
QCOM
Earnings
- 11/6/24 - Beat
QCOM
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 144
- 11/15/24 - Form 4
- QCOM's page on the SEC website