Reported 2 days ago
Qorvo (NASDAQ: QRVO) has faced a challenging year, with its stock down 38% contrasted with market gains, primarily due to disappointing guidance despite higher-than-expected earnings. Analysts predict further declines in revenue and earnings in the near term, driven by a market shift towards cheaper smartphones. However, the burgeoning demand for generative AI smartphones from major clients like Apple and Samsung could potentially lead to a turnaround in Qorvo's fortunes in 2025, making it a stock to watch for investors.
Source: YAHOO