Qualcomm에 대한 매도 수량은 투자자에게 Qualcomm의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Qualcomm (NASDAQ:QCOM) 주식, 공매도 수량 보고

Qualcomm

Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

Analyst Color

Earnings Beats

Price Target

Reiteration

Analyst Ratings

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AAPL

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QCOM

퀄컴(NASDAQ:QCOM)의 주식이 목요일 초반에 회사가 긍정적인 4분기 실적을 발표한 후에 변동성을 보였다. 이 회사가 흥미로운 실적 시즌 중에 실적을 발표했다. 다음은 몇 가지 주요 애널리스트의 의견이다.

퀄컴의 4분기 실적 발표, 핸드셋 시장 전망에 대한 분석가들의 의견 분분

Earnings

News

Movers

Tech

퀄컴(NASDAQ:QCOM)이 수요일 시장 마감 후 4분기 재무 결과와 새로운 자사주 매입 계획을 발표했다. 이 발표로 주가는 시간외 거래에서 7% 이상 상승했다. 주요 하이라이트는 다음과 같다.

퀄컴의 주식은 4분기 매출 및 EPS 예상 상회, $150억의 신규 자사주 매입 발표에 8% 이상 상승

Pre-Market Outlook

Markets

VMEO

CNN 머니 공포와 탐욕 지수(Money Fear and Greed index)는 전체 시장 심리가 개선되었음을 보여주지만, 이 지수는 화요일에 여전히 &#34;공포&#34; 구역에 머물렀다.

선거 결과 발표를 앞두고 다우존스와 나스닥이 1% 이상 상승: 탐욕 지수는 여전히 &#39;공포&#39; 지역

Qualcomm Inc

U.S. stocks could open on a negative note on Thursday after AI bellwether Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42107846/nvidia-slides-during-thursday-pre-market-despite-beating-q3-estimates-even-outstanding-isnt-enough-for-some-investors">guidance fell short</a> of some expectations. Futures of all three major indices were down as investors processed the AI giant's earnings.
Other chip makers like Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) also experienced pressure in premarket trading.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.33%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.24%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.08%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.22%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.25% to $589 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.34% to $501.46, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
The Dow Jones snapped its two-session losing streak this week to close 100 points higher on Wednesday, while the S&amp;P 500 eked a marginal gain to close in the green.
The tech-heavy Nasdaq, however, fell ahead of the volatility due to Nvidia's earnings after the bell.
Crude oil prices continued to rise amid growing tensions between Russia and Ukraine but remained under the $70 mark.
Treasury yields eased slightly as investors waited for further economic data.
On the economic data front, mortgage applications in the U.S. rose 1.7% from the previous week in the week ending Nov. 15, compared to a 0.5% gain in the prior period.
Most sectors on the S&amp;P 500 closed on a positive note, with healthcare, energy, and materials stocks recording the biggest gains on Wednesday.
However, consumer discretionary and financial stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.11%</td>
<td>18,966.14</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.002%</td>
<td>5,917.11</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.32%</td>
<td>43,408.47</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.03%</td>
<td>2,325.53</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, maintained that despite the weakness in the markets currently, he remains optimistic about the potential of a continued bull run.
"Weakness right around now is perfectly normal. The good news is I wouldn&#8217;t give up on a late November rally."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Weakness right around now is perfectly normal. The good news is I wouldn&#39;t give up on a late November rally. <a href="https://t.co/NuU2qzpDsC">pic.twitter.com/NuU2qzpDsC</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1859314388739686769?ref_src=twsrc%5Etfw">November 20, 2024</a></blockquote>
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Despite the volatile movement in Nvidia and other chipmaker stocks, Wedbush analyst Dan Ives maintained optimism about the AI giant's performance.
"The Godfather of AI Jensen and Nvidia delivered a massive beat and big things ahead for Blackwell," Ives said.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Godfather of AI Jensen and Nvidia delivered a massive beat and big things ahead for Blackwell as we discussed into this big night for the tech world on <a href="https://twitter.com/SquawkStreet?ref_src=twsrc%5Etfw">@SquawkStreet</a> &#x1f3c6;&#x1f525;&#x1f37f;&#x1f402;&#x1f4fa;&#x1f3a4;&#x1f447; <a href="https://t.co/6ehn8D3Gs0">https://t.co/6ehn8D3Gs0</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1859387551351546328?ref_src=twsrc%5Etfw">November 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Nvidia <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">posted third-quarter revenue</a> of $35.1 billion, up 94% year-on-year, beating the Street consensus of $33.12 billion, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>. This was the ninth straight quarter of Nvidia beating analyst estimates.
Tech bull Ives thinks that this is <a href="https://www.benzinga.com/markets/equities/24/11/42102642/nvidia-delivered-jaw-dropping-q3-earnings-says-dan-ives-this-is-the-fourth-revolution-playing-out-in-front-of-our-eyes">the "fourth revolution"</a> in technology, and it could help the Nasdaq surge to 25,000.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Thursday's economic calendar includes the release of initial jobless claims data.
<ul>
<li>Initial jobless claims data will be released at 8:30 a.m. ET.</li>
<li>Philadelphia Fed manufacturing survey will be released at 8:30 a.m. ET.</li>
<li>Cleveland Fed President Beth Hammack will speak at 8:45 a.m. ET.</li>
<li>Existing home sales data and leading economic index will be released at 10 a.m. ET.</li>
<li>Kansas City Fed President Jeff Schmid will speak at 1:10 p.m. ET.</li>
<li>Fed Vice Chair for Supervision Michael Barr will speak at 4:40 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares fell 2.6% in premarket trading on Thursday after the company posted a quarter-on-quarter decline in gross margins.</li>
<li>Other chip stocks felt the pressure post-Nvidia earnings. Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) fell nearly 1%, while Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) was down 0.6%. Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both fell 0.5% in premarket trading.</li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock surged over 10% on Wednesday and rose by another 11% in premarket trading on Thursday after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/24/11/42102366/bitcoin-taps-95k-ethereum-dogecoin-flat-as-trumps-crypto-policy-takes-shape-top-analyst-describes-btcs-path-to-135k">crossed the $95,000 mark</a>. Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) stock was also up over 3%.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares rose over 21% in premarket trading after the company beat analyst expectations and revised its 2025 revenue outlook upwards.</li>
<li>Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) stock fell over 4% in premarket trading after the company's third-quarter results.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) stock was slightly down in premarket trading after the U.S. Department of Justice (DOJ) said the company needed to sell the Google Chrome browser to <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">end search monopoly</a>.</li>
<li>Investors are awaiting earnings results from Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>), and Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, rising by 1.70% to hover around $69.92 per barrel.
The 10-year Treasury note yield edged lower to 4.394%.
Most of the major Asian markets ended in the red on Thursday, while European markets showed tentativeness in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Target Says Shoppers Wait For &#8216;Deals&#8217; A Day After Rival Walmart Credits Market Gains To Wealthy Households</a></li>
</ul>
Photo courtesy: Wikimedia

Equities

Futures

Economics

Federal Reserve

$BTC

AVGO

GOOG

GOOGL

HOOD

INTC

INTU

MSTR

NVDA

PANW

SNOW

US Futures Head Lower As Nvidia Earnings Fail To Impress Investors: Expert Says Market Weakness Is 'Perfectly Normal,' But Late November Rally Is Still Possible

Huawei Technologies Co., Ltd.&nbsp;is set to initiate mass production of its latest AI chip, the Ascend 910C, in early 2025, despite facing significant hurdles due to U.S. trade restrictions.
What Happened: The Chinese telecom giant has already distributed&nbsp;samples of the Ascend 910C&nbsp;to various tech firms and begun accepting orders. The chip is designed to rival those from U.S. AI chipmaker&nbsp;Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Huawei remains a focal point in U.S.-China trade and security tensions, with Washington imposing restrictions over national security concerns, Reuters reported on Wednesday.
These U.S. curbs have impacted Huawei&#8217;s chip production, limiting its ability to achieve high yields necessary for commercial success. The Ascend 910C is produced by&nbsp;Semiconductor Manufacturing International Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) using its N+2 process. However, the absence of advanced lithography tools has restricted the chip&#8217;s yield to about 20%, a source revealed.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/42023396/sean-parkers-net-worth-touches-3b-from-launching-napster-to-becoming-facebook-billionaire-the-story-of-teenage-hacker-turned-entrepreneur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Sean Parker&#8217;s Net Worth Touches $3B: From Launching Napster To Becoming Facebook Billionaire, The Story Of Teenage Hacker Turned Entrepreneur</a>
Huawei&#8217;s current advanced processor, the 910B, also suffers from yield issues, leading to reduced production goals. U.S. restrictions have further complicated the situation by restricting access to critical lithography technology from Dutch manufacturer ASML. Despite these obstacles, Huawei plans to prioritize strategic government and corporate orders for its new chip.
Why It Matters: The U.S. has been tightening its grip on Huawei. In May, the Biden administration <a href="https://www.benzinga.com/markets/asia/24/05/38682654/biden-administration-tightens-grip-on-chinas-huawei-revokes-key-export-licenses-from-us-chipmakers">revoked export licenses </a>for major American semiconductor firms like Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), preventing them from supplying crucial chips to Huawei. This marked a significant escalation in the U.S. strategy to curb Huawei&#8217;s technological rise.
In October, U.S. lawmakers urged the Department of Commerce to take tougher action against <a href="https://www.benzinga.com/markets/asia/24/10/41368844/us-lawmakers-demand-tougher-action-on-huaweis-secretive-chip-network">Huawei&#8217;s alleged attempts </a>to bypass sanctions through a secretive network of semiconductor facilities. This included leveraging companies like Pengxinxu and SwaySure Technology.
Most recently, in November, the U.S. reportedly asked Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to halt shipments of advanced chips used in AI applications to Chinese customers <a href="https://www.benzinga.com/24/11/41867470/us-asks-tsmc-to-stop-shipment-of-chips-used-in-ai-applications-to-customers-from-china-after-its-chip-was-found-in-huawei-ai-processor">after discovering one</a> of its chips in a Huawei AI processor.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42079954/microsoft-ceo-satya-nadella-defends-bings-rise-against-googles-search-dominance-says-openais-partnership-with-apple-is-incremental-for-even-us?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Satya Nadella Defends Bing&#8217;s Rise Against Google&#8217;s Search Dominance — Says OpenAI&#8217;s Partnership With Apple Is &#8216;Incremental&#8217; For Microsoft</a></li>
</ul>
Image via Shutterstock

General

SMCI

Huawei To Reportedly Take On Nvidia With Mass Production Of New AI Chips By 2025 Amid US Restrictions

As President-elect Donald Trump prepares to return to the White House, renowned economist Mohamed El-Erian is cautioning against media oversimplification of the incoming administration&#8217;s proposed tariff strategies.
What Happened: In a recent statement on X, El-Erian highlighted the intricate nature of Trump&#8217;s tariff discussions, noting that the proposed economic policies encompass at least three complex economic stages influenced by multiple factors, including trade flows, corporate pricing strategies, and geopolitical considerations.
El-Erian&#8217;s core message remains clear: Trump&#8217;s tariff debate requires sophisticated, nuanced analysis that transcends simplistic narratives. &#8220;The issue is quite complex,&#8221; he emphasized, underscoring the need for comprehensive economic understanding beyond headline rhetoric.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It should come as no surprise that the media tends to oversimplify the U.S. tariff debate, with both sides of the argument contributing to this. The issue is quite complex, involving at least three economic stages, each with various possibilities given the influences in play. The…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1859287383075848351?ref_src=twsrc%5Etfw">November 20, 2024</a></blockquote>
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Trump&#8217;s proposed economic blueprint, which includes a universal tariff of up to 20% on imports and potentially up to 60% on Chinese goods, has sparked intense economic debate. Tech investor Peter Thiel suggests these tariffs could significantly impact Chinese companies while causing minimal <a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake">disruption to U.S. consumers</a>.
See Also: <a href="https://www.benzinga.com/24/11/42102366/bitcoin-taps-95k-ethereum-dogecoin-flat-as-trumps-crypto-policy-takes-shape-top-analyst-describes-btcs-path-to-135k">Bitcoin Hits $95K For The First Time Ever, Ethereum, Dogecoin Flat As Trump&#8217;s Crypto Policy Takes Shape: Top Analyst Describes BTC&#8217;s Path To $135K</a>
Why It Matters: Goldman Sachs economist David Mericle warns that Trump&#8217;s proposed universal tariff could push <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42042411/inflation-could-surge-to-3-if-trump-applies-universal-tariffs-goldman-sachs">inflation back to 3%</a>, potentially complicating Federal Reserve monetary strategies. 
The National Retail Federation estimates Trump&#8217;s tariff proposals could reduce annual consumer <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">spending by $78 billion</a>.
Prominent business leaders have voiced concerns. Citadel LLC CEO Ken Griffin described Trump&#8217;s proposed tariffs as a &#8220;long, slippery slope&#8221; that <a href="https://www.benzinga.com/news/global/24/11/42056528/gop-megadonor-ken-griffin-warns-of-slippery-slope-in-trumps-tariff-policies-sees-us-returning-to-the-business-of-business">could hamper U.S. global competitiveness</a>. 
Retailers like AutoZone and Columbia Sportswear have signaled potential price increases that would be <a href="https://www.benzinga.com/news/24/11/41871407/trumps-tariffs-deportations-and-tax-cuts-may-push-prices-higher-experts-say-its-pretty-clear?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=site&amp;nid=42027079">passed directly to consumers</a>.
"Tariffs would create a headwind to the performance of stocks with high international revenue exposure due to the risk of retaliatory tariffs and heightened geopolitical tensions," Goldman Sachs analyst David Kostin stated.
Goldman Sachs noted that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39467825/us-election-and-tariff-prospects-set-to-threaten-internationally-exposed-stocks-gol">U.S. stocks with domestic sales focus outperformed</a> those with international exposure by 1 percentage point the day after Trump's election and by 4 pp in the following month but underperformed by 9 pp in the next 12 months.
Key stocks in its Domestic Sales Basket include CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Lowe's Cos. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), and Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>).
The International Sales Basket includes Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), QUALCOMM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), McDonald's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Read Next: 
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Mohamed El-Erian Warns Against Simplistic Narratives As Trump Plans Aggressive Tariff Strategy: 'The Issue Is Quite Complex'

Several Wall Street analysts reiterated Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) after the company&#8217;s <a href="https://www.benzinga.com/tech/24/11/42088437/qualcomm-targets-900-billion-market-by-2030-big-bets-on-iot-and-automotive" target="_blank" rel="noreferrer noopener">2024 investor day</a>.
<ul>
<li>Cantor Fitzgerald analyst CJ Muse reiterated Qualcomm with a Neutral and a <a href="https://www.benzinga.com/quote/QCOM/analyst-ratings" target="_blank" rel="noreferrer noopener">$160 price target</a>.</li>
<li>KeyBanc analyst John Vinh maintained Sector Weight on Qualcomm with a price target of $165.</li>
<li>Rosenblatt analyst Kevin Cassidy reiterated a Buy on Qualcomm with a price target of $250.</li>
</ul>
Cantor Fitzgerald: At the IoT and Automotive Diversification Update Investor Day, Qualcomm outlined its plans to shift revenue reliance from handsets to higher-growth segments like Automotive, IoT, PCs, XR/AR, and Industrial applications. Muse noted that Qualcomm&#8217;s Automotive segment is a standout performer, with the company projecting over $8 billion in revenue by fiscal 2029 at a 22% compound annual growth rate (CAGR). 
Also Read: <a href="https://www.benzinga.com/24/11/42092265/stmicroelectronics-targets-18-billion-revenue-eyes-22-24-margins-by-2028" target="_blank" rel="noreferrer noopener">STMicroelectronics Targets $20 Billion Revenue By 2030, Unveils 2027 Goals</a>
More than 80% of this forecasted revenue is supported by backlog, providing confidence in this segment&#8217;s outlook. However, IoT&#8217;s projected jump from $5.4 billion in fiscal 2024 to $14 billion in fiscal 2029 raised skepticism, mainly the PC segment target of $4 billion, which assumes a 10% market share at an average selling price of $175. Muse sees significant competitive pressure from x86-based systems, making the target aggressive.
The XR/AR revenue projection of $2 billion by fiscal 2029 appears more feasible, given partnerships with significant players like Meta, Alphabet, Google and Samsung. IDC&#8217;s forecast of a 35% CAGR for the XR market are a supporting factor. Despite the optimistic outlook for XR, overall assumptions for IoT, PC, and Industrial/Other revenue leave room for potential overestimation.
Qualcomm management maintained its long-term operating expense target at 21%-23% of revenue. The company anticipates fiscal 2029 EPS reaching $14.12, representing a 7% 5-year CAGR from $10.28 in fiscal 2024. While diversification efforts are poised to make IoT and Automotive account for 50% of total QCT revenues by fiscal 2029, Muse expressed concerns about the pace of transition, particularly with potential headwinds from Apple reducing reliance on Qualcomm&#8217;s chipsets faster than other segments can offset.
Muse projected fiscal 2025 revenue of $43.15 billion and EPS of $11.37. He expects fiscal 2026 revenue of $41.1 billion and EPS of $11.45.
KeyBanc: Qualcomm revised its Automotive revenue target to $8 billion by fiscal 2029, doubling its fiscal 2026 projection of $4 billion. This goal implies a 22% compound annual growth rate (CAGR) over five years, reflecting strong momentum in this segment.
The company set an ambitious target of $4 billion in PC revenue by fiscal 2029, assuming an 11% market share. This aligns with its broader IoT goal of $14 billion, including contributions from XR, Industrial IoT, and other categories.
Within IoT, Industrial IoT is expected to generate $4 billion by fiscal 2029, translating to a 21% five-year CAGR. This growth underscores Qualcomm&#8217;s strategic shift toward high-growth verticals to reduce reliance on handset revenue.
Qualcomm anticipates mid-single-digit (MSD) long-term growth for Android handsets. However, factoring in the expected transition of Apple to its internal modems, overall QCT revenue is forecasted to grow at a low-single-digit (LSD) rate over the next several years, with a 6% five-year CAGR through fiscal 2029.
While Qualcomm presented compelling long-term growth projections across critical segments, Vinh expressed caution about the need for catalysts for an edge AI replacement cycle in handsets, PCs, and other devices. Additionally, the anticipated impact of Apple&#8217;s internal modem transition poses a significant headwind, though Qualcomm management expressed confidence in its ability to sustain growth despite these challenges.
Rosenblatt: Qualcomm presented a highly attended investor day focused on its diversification strategy first outlined in 2021, emphasizing accelerated adoption of its platforms driven by AI.
Cassidy highlighted Qualcomm&#8217;s leadership in addressing diverse markets through its energy-efficient processors, advanced connectivity, and AI capabilities. Significant revenue growth is projected across Automotive, PC, XR, and Industrial IoT.
Qualcomm set a $45 billion design win pipeline for its QCT Automotive segment, with one-third tied to Advanced Driver Assistance Systems (ADAS). The company forecasts $8 billion in automotive revenue by fiscal 2029, representing a 22% compound annual growth rate (CAGR). With the total addressable market (TAM) expected to double to $100 billion by fiscal 2029, the automotive segment remains a key growth driver.
Qualcomm&#8217;s Snapdragon X Series has achieved 2.5 times growth in design wins, with 58 platforms announced. By fiscal 2029, the company targets $4 billion in PC revenue, driven by the proliferation of AI-enabled notebooks. Qualcomm projects that 90% of PCs will incorporate AI features, with 100 million devices leveraging Copilot+ annually.
Qualcomm anticipates $4 billion in Industrial IoT revenue by fiscal 2029, capitalizing on a $50 billion market opportunity by 2029. In XR (AR, VR, and MR combined), the company expects over $2 billion in fiscal 2029 revenue, with unit volumes reaching 15 million annually.
<ul>
<li>Overall IoT revenue is expected to grow 2.5x to $14 billion by fiscal 2029. </li>
<li>By 2030, Qualcomm estimates a $900 billion TAM for connected edge devices</li>
<li>In 2024, revenue grew 9% year-over-year (Y/Y)</li>
<li>EPS increased 21% Y/Y. </li>
<li>Since fiscal 2019, revenue has doubled, and EPS has tripled, supported by a 31% CAGR in automotive revenues and double-digit growth in handsets and IoT.</li>
</ul>
Adjusted operating expenses are projected to remain at 21-23% of revenue. Qualcomm also plans low-to-mid single-digit dividend growth and share buybacks as part of its capital allocation strategy.
Qualcomm aims to achieve a balanced revenue mix, targeting a 50/50 split between the handset and non-handset segments by fiscal 2029. This strategy reduces customer concentration risk and leverages growth opportunities in emerging markets like AI-enabled PCs, automotive, and industrial IoT. By scaling AI adoption at the edge, Qualcomm solidifies its position as a leader in high-growth markets while navigating challenges in its handset business.
Cassidy projected fiscal 2025 revenue of $42.9 billion and EPS of $11.59. He expects fiscal 2026 revenue of $45.35 billion and EPS of $12.49.
Price Action: Qualcomm stock traded lower by 5.94% at $154.91 at the last check on Wednesday.
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Image: Shutterstock

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Qualcomm's Shift From Handsets To AI And Automotive Wins Analysts' Confidence

WIIM

Qualcomm shares are trading lower. Susquehanna lowered its price target on the stock from $230 to $210.

Qualcomm CEO Says Right Now No Large Acquisitions Identified

Qualcomm CEO Says PC-Chip Sales Exceeding Expectations

Susquehanna analyst Christopher Rolland maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Positive and lowers the price target from $230 to $210.

Susquehanna Maintains Positive on Qualcomm, Lowers Price Target to $210

On Tuesday, Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) hosted its 2024 Investor Day, unveiling ambitious growth targets and a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42076261/qualcomm-sets-new-growth-targets-showcasing-companys-opportunity-as-on-device-ai-accelerates-deman" rel="noreferrer noopener">significant opportunity for diversification</a>.
The company emphasized its unique positioning at the edge of connectivity, which will likely expand its total addressable market (TAM) to $900 billion by 2030, driven by a projected 50 billion connected edge device shipments during this period.
At the event, CEO Cristiano Amon highlighted how the company&#8217;s technology roadmap and focus on diversification enhance its growth potential.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42071199/kingsoft-cloud-q3-earnings-revenue-surges-16-ai-growth-fuels-profits-ceo-shares-optimistic-outlook" rel="noreferrer noopener">Kingsoft Cloud Q3 Earnings: Revenue Surges 16%, AI Growth Fuels Profits, CEO Shares Optimistic Outlook</a>
As generative AI continues to fuel demand across industries, Qualcomm aims to capitalize on its expanding ecosystem of customers and partners.
Qualcomm outlined its five-year financial goals, projecting strong revenue growth across key segments.
The Automotive and IoT divisions are expected to deliver a combined $22 billion in revenue by fiscal year 2029. Automotive alone is projected to generate $8 billion, while IoT revenues are forecasted to reach $14 billion.
Additional targets include $4 billion in revenue from PC applications, $4 billion from Industrial IoT, and $2 billion from XR. The remaining IoT categories are also anticipated to contribute $4 billion in revenue by fiscal 2029, reflecting the breadth of Qualcomm&#8217;s opportunities in connected technologies.&nbsp;&nbsp;
During the presentation, Qualcomm executives detailed how its technology advances across sectors. Nakul Duggal, Group General Manager of Automotive, Industrial, and Cloud, emphasized the company&#8217;s traction in automotive applications.
At the same time, Alex Katouzian, Group General Manager of Mobile, Compute, and XR, discussed the expanding role of extended reality and mobile platforms.
Qualcomm&nbsp;stock surged over 17% year-to-date.
Qualcomm reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41786182/qualcomm-q4-earnings-highlights-revenue-beat-eps-beat-new-15-billion-share-buyback-announced" rel="noreferrer noopener">fourth-quarter revenue</a> of $10.24 billion, up 19%, topping the Street consensus estimate of $9.91 billion. Qualcomm reported $8.68 billion in revenue for its QCT segment, marking an 18% increase. The segment&#8217;s revenue comprised:
<ul>
<li>Handsets: $6.1 billion, a 12% year-over-year rise</li>
<li>Automotive: $899 million, a 68% year-over-year surge</li>
<li>IoT: $1.68 billion, an 18% year-over-year growth</li>
</ul>
The QCT automotive division achieved its fifth consecutive quarterly revenue record. Revenue for the QTL segment reached $1.52 billion, reflecting a 21% increase.
Qualcomm expects first-quarter revenue of $10.5 billion—$11.3 billion, compared to the $10.9 billion consensus estimate. The board also approved a new $15 billion stock buyback program.
Cantor Fitzgerald&#8217;s C.J. Muse, Rosenblatt Securities&#8217; Kevin Cassidy, Piper Sandler&#8217;s Harsh Kumar, and Benchmark&#8217;s Cody Acree highlighted Qualcomm&#8217;s quarterly beat, which was driven by <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41819185/qualcomm-reports-q4-beat-analysts-divided-over-prospects-of-the-handset-market" rel="noreferrer noopener">Chinese premium phone demand</a> and diversification into IoT and Automotive. Muse also flagged challenges ahead with Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) internal modem plans and slowing smartphone markets.
Price Action: QCOM stock traded lower by 0.25% at $164.29 premarket at the last check on Wednesday.
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</ul>
Photo by Monoar Rahman Rony from Pixabay

Qualcomm Targets $900 Billion Market by 2030: Big Bets on IoT and Automotive

Cantor Fitzgerald analyst C J Muse reiterates Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Neutral and maintains $160 price target.

Cantor Fitzgerald Reiterates Neutral on Qualcomm, Maintains $160 Price Target

– Unique Position at the Edge Drives an Expanded TAM of ~$900 billion by 2030 –
– Transformation Redefines Qualcomm, Diversifies Customer Base and Accelerates Growth –
Qualcomm Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), a connected computing leader, today outlined its significant opportunities for growth and diversification at its 2024 Investor Day. The company's unique position at the edge is driving access to an expanded TAM of approximately $900 billion by 2030, with more than 50 billion cumulative connected edge device shipments expected from 2024 through 2030.
"Qualcomm's focus on diversification and industry-leading technology roadmap has significantly strengthened the Company's growth profile," said Cristiano Amon, President &amp; CEO, Qualcomm Incorporated. "As generative AI accelerates demand for our technology and we become increasingly relevant across multiple industries, Qualcomm is well positioned to address a $900 billion opportunity by 2030 across an expanding ecosystem of new customers and partners."
Qualcomm provided new five-year financial targets for its QCT business, including:
<ul>
<li>Automotive and IoT to drive combined revenues of $22 billion by FY29
<ul>
<li>Automotive revenues to grow to $8 billion by FY29</li>
<li>IoT to grow to $14 billion in revenues by FY29
<ul>
<li>PC to grow to $4 billion in revenues by FY29</li>
<li>Industrial to grow to $4 billion in revenues by FY29</li>
<li>XR to grow to more than $2 billion in revenues by FY29</li>
<li>Rest of IoT to grow to $4 billion in revenues by FY29</li>
</ul>
</li>
</ul>
</li>
</ul>
At its Investor Day, Cristiano Amon, along with Akash Palkhiwala, Chief Financial Officer and Chief Operating Officer, Qualcomm Incorporated; Nakul Duggal, Group General Manager of Automotive, Industrial and Cloud, Qualcomm Technologies, Inc.; Alex Katouzian, Group General Manager of Mobile, Compute and XR, Qualcomm Technologies, Inc.; and Durga Malladi, Senior Vice President and General Manager of Technology Planning &amp; Edge Solutions, Qualcomm Technologies, Inc., outlined the company's traction and expanded opportunities for diversification. Their full presentations and a replay of the event are available <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.qualcomm.com%2Fcompany%2Fevents%2Finvestor-day&amp;esheet=54155505&amp;newsitemid=20241119340813&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=e12dd2c60637f69d6a4a0ff89c1b9e8c">here</a>.

Guidance

Qualcomm Provides New 5-Year Financial Targets For Its QCT Business, All By FY29 Include: Automotive And IOT To Drive Combined Revenues Of $22B; Automotive Revenues To Grow To $8B; IOT To Grow To $14B In Revenues; PC To Grow To $4B In Revenues; Industrial To Grow To $4B In Revenues; XR To Grow To More Than $2B In Revenues; Rest Of IOT To Grow To $4B In Revenues

- Investor day 
&nbsp;https://www.qualcomm.com/company/events/investor-day

Qualcomm Sees Total Market Opportunity Of $900B By 2030

Whales with a lot of money to spend have taken a noticeably bearish stance on Qualcomm.
Looking at options history for Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $2,092,331 and 6, calls, for a total amount of $217,041.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $230.0 for Qualcomm over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Qualcomm's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Qualcomm's substantial trades, within a strike price spectrum from $150.0 to $230.0 over the preceding 30 days.
<h3>Qualcomm Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732039255_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$14.6</td>
<td>$14.5</td>
<td>$14.54</td>
<td>$165.00</td>
<td>$758.5K</td>
<td>119</td>
<td>1.0K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$14.55</td>
<td>$14.45</td>
<td>$14.55</td>
<td>$165.00</td>
<td>$699.9K</td>
<td>119</td>
<td>1.0K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$11.15</td>
<td>$10.8</td>
<td>$10.8</td>
<td>$150.00</td>
<td>$324.0K</td>
<td>2</td>
<td>300</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$17.35</td>
<td>$17.3</td>
<td>$17.3</td>
<td>$170.00</td>
<td>$197.2K</td>
<td>1.8K</td>
<td>114</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$2.38</td>
<td>$2.3</td>
<td>$2.42</td>
<td>$165.00</td>
<td>$55.9K</td>
<td>2.6K</td>
<td>659</td>
</tr>
</tbody>
</table>

<h3>About Qualcomm</h3>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
<h3>Qualcomm's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,592,300, the price of QCOM is down by -0.28%, reaching $164.04.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 71 days from now.</li>
</ul>
<h3>What The Experts Say On Qualcomm</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $196.8.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Loop Capital downgraded its rating to Hold, setting a price target of $180. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Qualcomm, which currently sits at a price target of $190. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Qualcomm, which currently sits at a price target of $199. 
&#x2A; Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on Qualcomm with a target price of $215. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Qualcomm with a target price of $200. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
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Options

Qualcomm Unusual Options Activity

UBER

Tiger Global 13F Shows Decreased Stake In Uber Technologies From 3,006,696 To 2,597,878 Shares; Decreased Stake In Qualcomm From 1,857,700 To 1,857,700 Shares

FSLR

LSCC

MCHP

MPWR

MRVL

MTSI

OLED

QRVO

SWKS

Shares of semiconductor companies are trading lower. The sector may be moving amid continued weakness after the U.S. ordered Taiwan Semiconductor Manufacturing to halt shipments of advanced chips to Chinese customers earlier this week.

Qualcomm shares are trading lower. Loop Capital initiated coverage on the stock with a Hold rating and announced a price target of $180.

Loop Capital analyst Gary Mobley initiates coverage on Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Hold rating and announces Price Target of $180.

Initiation

Loop Capital Initiates Coverage On Qualcomm with Hold Rating, Announces Price Target of $180

CRDO

Semiconductor stocks are trading lower possibly amid sympathy with Taiwan Semiconductor Manufacturing. Reports suggested that the US requested that the company halt shipments to China.

Chip stocks including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) Credo Technology Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>), Lattice Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), MACOM Technology Solutions Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Qorvo, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), United Microelectronics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) are trading lower Monday in sympathy with contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Taiwan Semiconductor stock took a hit after the U.S. Department of Commerce <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/11/41883357/taiwan-semiconductor-stock-drops-as-us-orders-halt-on-ai-chip-sales-to-china" rel="noreferrer noopener">instructed the chipmaker</a> to cease supplying China with sophisticated chips—of 7 nanometers or more advanced designs—that support AI and graphics processing capabilities.
The U.S. move sent jitters across the sector, anticipating further actions from President-elect Donald Trump&#8217;s administration, which had previously attacked the <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41845483/taiwan-semiconductor-us-expansion-plans-unfazed-by-trump-win-report" rel="noreferrer noopener">U.S. Chips Act and Taiwan</a>, the hometown of Taiwan Semiconductor.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41877454/monday-com-stock-tanks-despite-q3-beat-raised-outlook" rel="noreferrer noopener">Monday.com Stock Tanks Despite Q3 Beat, Raised Outlook</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111544/newplot-6.png" alt="" class="wp-image-640861" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111544/newplot-6.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111544/newplot-6-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Taiwan Semiconductor is a crucial supplier to tech giants like&nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Nvidia.
The semiconductor stocks also got a hit from Edgewater Research analysts, flagging Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), which faced a significant setback and sent its stock plunging on Monday.
The analysts noted Monolithic&#8217;s allocation to Nvidia&#8217;s Blackwell GPUs is in jeopardy due to performance problems with its Power Management ICs.
The analysts highlighted that Japanese company Renesas and German firm Infineon have stepped in, receiving rush orders, potentially replacing Monolithic in Nvidia&#8217;s B200 and GB200 SKUs.
Edgewater expressed concern that supply chain partners perceived Monolithic&#8217;s temporary solution as a stopgap measure rather than a complete fix.
Investors can gain exposure to semiconductor stocks through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: At the last check on Monday, NVDA stock was trading lower by 1.67% to $145.19, INTC was down 4.16%, and ARM was down 4.07%.
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Why Are Chip Stocks Trading Lower On Monday?

On Wednesday, Qualcomm Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) issued its fiscal fourth quarter results, surpassing Wall Street estimates on both revenue and earnings fronts, fueled by&nbsp;a wave of launches of flagship Chinese smartphones.
With its fortunes have been historically tied to the smartphone industry,&nbsp;Qualcomm continues its efforts to transform into an AI-era ready&nbsp;connected computing company. While it sells modems and related chips to Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) for its iPhones, this revenue stream is about to start fading. While Qualcomm closed a deal with Apple to keep selling chips by at least 2026, Apple is working on its own chips. Therefore, all eyes are on Qualcomm&rsquo;s diversificiation efforts to evaluate their chances of ofsetting the decline from losing Apple. Qualcomm has also made some serious moves to position itself in the AI landscape, having developed smartphone chips with specialized parts for machine learning since 2017. But unlike the AI leader, Nvidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>)&nbsp;&nbsp;Qualcomm does not produce the kind of graphics processors for data centers that are used for big AI programs like Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>)-backed OpenAI&rsquo;s ChatGPT. Moreover, Qualcomm&rsquo;s &ldquo;internet of things&rdquo; business includes both chips for industrial purposes as well as the chips Meta Platforms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) uses in its Quest handsets and Ray-Ban Smart Glasses, along with a new business selling chips for laptops running&nbsp;Microsoft&nbsp;Windows.&nbsp;
<h3>Fiscal Fourth Quarter Highlights</h3>
For the quarter ended on September 29th, revenue grew 19% YoY to&nbsp;&nbsp;$10.24 billion&nbsp;surpassed LSEG&rsquo;s estimate of $9.90 billion. Net income,&nbsp;$2.92 billion&nbsp;or $2.59 per share, which is almost double compared to last year&rsquo;s $1.49 billion, or $1.23 per share.&nbsp;Adjusted earnings per share of $2.69 also topped LSEG&rsquo;s estimate of $2.56&nbsp;per share.&nbsp;&nbsp;
Qualcomm&rsquo;s diversification efforts continue.
The IoT division reported revenue grew 22% YoY to $1.68 billion in revenue.&nbsp;The chip business that covers its handset, automotive, and other chips, grouped as QCT, reported sales growth of 18% as it brought in $7.37 billion.&nbsp;Its profitable technology licensing business, QTL, reported revenue grew as much as 21% YoY to $1.52 billion. Its&nbsp;&nbsp;automotive business grew 86%&nbsp;YoY as it brought in sales of $899 million.
For the full fiscal year, Qualcomm reported total revenue grew 9% YoY to $33.19 billion, with&nbsp;46% of its revenue being from customers with headquarters in China.
Qualcomm is off to a strong December quarter.
For the current quarter, Qualcomm guided for a revenue range between&nbsp;$10.5 billion and $11.3 billion, with automotive sales expected to rise 50% YoY.
Led by&nbsp;CEO Cristiano Amon, Qualcomm has diversified away from being merely a smartphone supplier and expanded its scope by producing chips for PCs, cars, and industrial machines. For now, it seems to be doing a good job at getting ready for the moment Apple will no longer need its chips.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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