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.
- Eventually, QOM will play a major role in robotics.
Zones
Since memory remains in short supply. It is important to remain disciplined and wait for a further dip.
For those following the Good Way, the Buy Now rating is *** (To see the locked content, please take a 30 day free trial).
For those following the Best Way, the buy zone $*** – $***.
The recommended quantity is ***% – ***%.
This is a very long term position. The very long term target zone is $287 – $311.
What To Do Now
Those in QCOM may consider continuing to hold.
Those not in QCOM may consider following the parameters given above.
Note: Signal(s) to enter, add, reduce, exit, hold or change.
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This post was just published on ZYX Buy Change Alert.
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Nigam Arora
Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.
