ON A FURTHER DIP QUALCOMM INC (QCOM) WILL BECOME A BUYING OPPORTUNITY
By Nigam Arora
As semiconductors go, Qualcomm Inc (QCOM) is an inexpensive stock. A further dip in QCOM will become a buying opportunity.
Here are the key points:
- QCOM licenses technology or provides chips for the vast majority of smartphones in the world.
- Demand remains strong.
- QCOM earnings are being hurt because smartphone manufacturers are becoming memory constrained. Memory is being diverted to AI data centers.
- Sooner or later, a fair amount of AI will be done at the edge. QCOM is the leader in edge AI.
- QCOM products are beginning to gain traction in data centers.
- QCOM is expanding its footprint in automotive.
February 6, 2026