Qualcomm's Fortunes Seem To Be Turning Around 5G, Qualcomm, StreetAccount, Cristiano Amon, Internet of Things, Meta Platforms (META), Qualcomm Incorporated (QCOM) by https://www.benzinga.com/
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Qualcomm is a company that makes chips for phones and other devices. They had some trouble in the past because not many people were buying phones with their chips in them. But now, they are selling more chips and making more money because people are buying more phones again. This is good news for Qualcomm and the people who own their stocks. Read from source...
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- Qualcomm's QCT segment is expected to continue growing as 5G and IoT adoption increases, driven by smartphone and automotive demand.
- Qualcomm is also well-positioned to benefit from the growth of the AI-enabled smartphone market.
- The company has a strong balance sheet and a history of returning capital to shareholders through share buybacks and dividends.
- Risks include the ongoing uncertainty in the smartphone market, potential regulatory headwinds, and increased competition in the 5G and automotive segments.