Qualcomm: Why I'm Bullish On Both Fundamental And Technical Indicators
Portfolio Pulse from
Qualcomm's stock fell despite strong 4Q FY2024 earnings due to a broader semiconductor sector pullback and geopolitical risks. However, the 1Q FY2025 outlook is positive, driven by the Snapdragon 8 Series, with expected growth in QCT Handset revenue.
November 18, 2024 | 3:30 pm
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Qualcomm's stock fell post-earnings despite strong results due to sector pullback and geopolitical risks. Positive 1Q FY2025 outlook with Snapdragon 8 Series driving growth.
Qualcomm's stock fell due to external factors like sector pullback and geopolitical risks, not due to company performance. The positive outlook for 1Q FY2025, driven by Snapdragon 8 Series, suggests potential stock recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100