Why Qualcomm Stock Could Still Be a Great Value Now
Autos are in overdrive, and are PCs ready to rev?
Qualcomm's revenue is looking positive as its high-end 5G chips contribute to outperforming the smartphone market.
Its foray into the PC market with Snapdragon X Elite laptop chips represents an opportunity for growth and revenue expansion, aiming to compete with Intel and AMD in the x86 architecture space.
It's all about margin
Qualcomm's profitability remains robust even during downturns, with new sales from PC and automotive chips expected to boost profit margins in the future.
If higher ASPs and new growth outlets materialize, Qualcomm could see low-teens earnings growth, making it a potentially valuable investment.
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