Reported about 21 hours ago
QUALCOMM Incorporated (QCOM) is positioned for a potential earnings 'beat and raise' due to favorable trends in AI technology and increased demand for mobile handsets from China. Despite U.S. export controls aiming to limit Chinese access to advanced AI chips, Citi has indicated that QCOM's recent performance and lower market expectations offer a solid investment opportunity. The company is benefiting from a positive shift in sentiment as it adapts to evolving market conditions.
Source: YAHOO