Qualcomm: The Memory Shortage is a temporary Problem
Qualcomm is not suffering from a demand problem
The P/E ratio drops below 11 due to the price decline
Reading Time: 2 minutes
Qualcomm (QCOM, i) is unsurprisingly suffering from an industry-wide memory shortage that is expected to persist this year. However, this setback could also turn out to be a long-term opportunity for several reasons. Handsets still account for 64% of the revenue mix, but Qualcomm is on track to achieve $22 billion in revenue from IoT and automotive by 2029 as part of its diversification strategy. A milestone is the Nubia M153, developed jointly by ByteDance and Chinese smartphone OEM ZTE. This is considered the first "Agentic AI Smartphone"...
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