Where Will Qualcomm Stock Be in 3 Years?
The past three years have been disappointing for (NASDAQ: QCOM) investors: Shares of the semiconductor specialist have gained just 8% as compared to the 36% gains clocked by the PHLX Semiconductor Sector index over the same period. That's not surprising given the weakness in the smartphone market during this interval.
Sales of smartphones fell from 1.54 billion units in 2019 to 1.36 billion units the following year. The market didn't witness much growth through 2023 -- shipments came in at 1.34 billion units last year. Given that Qualcomm got 62% of its revenue in the previous quarter from selling smartphone chips, it is easy to see why the stock has underperformed the broader market in recent years.
However, will the next three years bring about a turnaround in Qualcomm's fortunes, especially considering that the company has a new catalyst in the form of artificial intelligence (AI)? Let's find out.
Source Fool.com
Qualcomm Inc. Aktie
Leichtes Kaufinteresse bei Qualcomm Inc., mit mehr Buy- als Sell-Einschätzungen.
Die Community erwartet für Qualcomm Inc. ein Kursziel von 174 €, was eine Steigerung von über 20% gegenüber 143.3 € bedeuten würde.
