QUALCOMM Incorporated (QCOM) Stock

Qualcomm (QCOM) has a strong track record of surprising with its earnings and currently has the right factors in place that suggest it may exceed expectations in its upcoming quarterly report.

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Investors might think about putting their money into QCOM at this time since the stock has performed very well in 2024 and its future looks promising.

Samsung uses Qualcomm's advanced Snapdragon 8 Elite Mobile Platform to enhance on-device AI features and provide a high-quality experience for users.

Samsung has launched its new Galaxy S25 series of smartphones, placing a strong emphasis on AI applications.

Qualcomm (QCOM) finished the latest trading session at $170.24, which represents a 1.78% increase from the previous day's closing price.

On Wednesday, Samsung Electronics introduced its latest flagship smartphone, which uses Qualcomm's chips and Google's AI technology. The company aims to boost sales with improved AI features and compete against Apple and Chinese competitors.

Qualcomm's current operating leverage from FY2024, if maintained, is likely to result in increased earnings compared to the current expectations for 2025/26. I believe QCOM is financially strong, with good cash flow, reasonable debt levels, and substantial returns for shareholders, which shows a robust business model. My analysis suggests that QCOM stock is undervalued by more than 28%, with a fair value estimate of $211 per share, making it an attractive buying opportunity.

We have put together a list of the 30 Most Important AI Stocks according to Blackrock. In this article, we will examine how QUALCOMM Incorporated (NASDAQ:QCOM) compares to other AI stocks. In the third quarter of 2024, the investment giant Blackrock shared their views on the market outlook for artificial intelligence.