Is This Qualcomm’s Next Big Opportunity?
Qualcomm (NASDAQ: QCOM) is desperately in the hunt for new opportunities to overcome the body blow dealt by Apple's lawsuit and competition from MediaTek in smartphone chips. Not surprisingly, the chipmaker has been trying to tap emerging tech trends such as artificial intelligence (AI), smart homes, and augmented reality (AR) to find alternative revenue streams.
But the chip specialist will run into stiff competition in all these areas. Chipmakers NVIDIA and Intel are already betting big on AI and AR, so Qualcomm's success isn't a given. However, one space where Qualcomm could mint big money going forward is in its core market for smartphone chips, thanks largely to the adoption of 5G technology.
Image Source: Qualcomm
Source: Fool.com
Qualcomm Inc. Stock
€141.18
7.090%
Our community is currently high on Qualcomm Inc. with 40 Buy predictions and 10 Sell predictions.
With a target price of 174 € there is a positive potential of 23.25% for Qualcomm Inc. compared to the current price of 141.18 €.
