Qualcomm: X85 Modem Has Arrived, Upgrade To 'Buy'
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Qualcomm has launched the X85 modem, leading to an upgrade of its stock to 'Buy' with a fair value of $185. The modem offers significant AI efficiency improvements and could outperform Apple's modem. QCOM's strong Q1 FY25 results further support this upgrade.
March 18, 2025 | 2:45 pm
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Qualcomm's stock has been upgraded to 'Buy' with a fair value of $185 due to the launch of the X85 modem, which offers 30% faster AI inference efficiency. The strong Q1 FY25 results with 18% revenue growth also support this upgrade.
The launch of the X85 modem positions Qualcomm to capture AI-related mobile device growth, potentially outperforming competitors like Apple. The strong Q1 FY25 results with significant revenue and EPS growth further justify the stock upgrade.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100