Reported 9 days ago
Qorvo, a key supplier of RF chips for Apple devices, stands to gain significantly from Apple's latest iPhone models, which are expected to see robust sales bolstered by the growing market for generative AI smartphones. With a reported revenue jump of 36% and improving profit margins, Qorvo's earnings could increase by 28% annually over the next two years, potentially driving its stock price up by nearly 50%. While not on some analysts' top stock lists, Qorvo remains an attractive investment opportunity amid Apple's strong demand.
Source: YAHOO