Quick Read – Qualcomm (QCOM) fell 8.78% on June 1 after NVIDIA launched the RTX Spark Superchip with 100+ TOPS versus Qualcomm’s Snapdragon X Elite at 45 TOPS, though Q2 delivered a fourth consecutive EPS beat at $2.65 and automotive revenue surged 38% YoY to a record $1.326…
llion. – Qualcomm’s new Dragonfly data center brand with AI accelerators and confirmed hyperscaler custom silicon shipments later this year provide multi-billion dollar growth opportunities that could drive the stock to $300.25 by 2027 if execution succeeds. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Qualcomm didn’t make the cut. Grab the names FREE today
Qualcomm (NASDAQ:QCOM) just had one of its most violent single-day reversals of the year, and the question on every shareholder’s mind is whether $228.99 can become $300 before the calendar flips. Based on our proprietary model, the answer is yes, though the path will be volatile. Our 24/7 Wall St. price target for QCOM stock is $300.25, implying 31.12% upside over the next 12 months.
We rate QCOM a buy with 90% confidence, the higher end of our conviction scale. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Qualcomm didn’t make the cut. Grab the names FREE today. 24/7 Wall St.