Reported 9 months ago
Qorvo's stock has shown impressive momentum lately, with 16% gains in June, fueled by solid quarterly results and increased revenue from key mobile and defense customers. Qorvo, a major supplier to smartphone giants like Apple and Samsung, is well-positioned to benefit from the growing AI smartphone market, with AI-enabled devices projected to see a significant increase in shipments in the coming years. Trading at low multiples of sales and forward earnings, Qorvo offers great value, especially considering its potential for surpassing market expectations and delivering strong growth fueled by the AI trend in smartphones.
Source: YAHOO