Where Will Qualcomm Stock Be in 3 Years?
The past three years have been disappointing for (NASDAQ: QCOM) investors: Shares of the semiconductor specialist have gained just 8% as compared to the 36% gains clocked by the PHLX Semiconductor Sector index over the same period. That's not surprising given the weakness in the smartphone market during this interval.
Sales of smartphones fell from 1.54 billion units in 2019 to 1.36 billion units the following year. The market didn't witness much growth through 2023 -- shipments came in at 1.34 billion units last year. Given that Qualcomm got 62% of its revenue in the previous quarter from selling smartphone chips, it is easy to see why the stock has underperformed the broader market in recent years.
However, will the next three years bring about a turnaround in Qualcomm's fortunes, especially considering that the company has a new catalyst in the form of artificial intelligence (AI)? Let's find out.
Source Fool.com
Qualcomm Inc. Aktie
Qualcomm Inc. erfreut sich großer Beliebtheit, mit einer hohen Zahl an Buy- und niedriger Zahl an Sell-Einschätzungen.
Das Community-Kursziel von 178 € für Qualcomm Inc. deutet auf ein leicht positives Wachstumspotenzial gegenüber 152.4 € hin.
