La cadena de opciones muestra datos clave de las opciones de acciones de Qualcomm a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Qualcomm..

Qualcomm (NASDAQ:QCOM) Bolsa, Cadena de Opciones

Qualcomm

Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

News

Tech

General

AAPL

INTC

QCOM

Qualcomm estudia adquirir partes del negocio de Intel para mejorar su oferta de productos. ¿Qué significa esta estrategia para las compañías?

Qualcomm busca unidades de Intel para fortalecer su línea de productos

Equities

Social Media

Global

Markets

AMZN

GOOG

GOOGL

NVDA

El 64% de las predicciones bursátiles de finfluencers en TikTok fueron exactas, pero ¿deberías confiar en sus consejos de inversión?

La influencia de los finfluencers en TikTok: ¿Son fiables sus consejos de inversión?

Qualcomm Inc

QUALCOMM ORD

Offerings

Qualcomm Filed For Mixed Shelf Offering; Size Not Disclosed

WIIM

QUALCOMM shares are trading higher after the company reported better-than-expected Q4 financial results.

Guidance

Qualcomm Sees Q1 2025 Revenue $10.5B-$11.3B Vs $10.59B Est. ; Sees Q1 2025 Adj. EPS $2.85-$3.05 Vs $2.86 Est.

Earnings

Qualcomm Q4 2024 Adj. EPS $2.69 Beats $2.56 Estimate, Sales $10.244B Beat $9.905B Estimate

Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) reported fourth-quarter financial results and a new share buyback plan<a href="https://www.benzinga.com/earnings"> after the market close Wednesday.</a>
Here are the key highlights.
What Happened: Qualcomm reported fourth-quarter revenue of $10.24 billion, up 19% year-over-year. The revenue total beat a Street consensus estimate of $9.91 billion, according to data<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1"> from Benzinga Pro.</a>
The company reported fourth-quarter earnings per share of $2.69, up 33% year-over-year. The earnings per share beat a Street consensus estimate of $2.56.
Qualcomm's revenue for the QCT segment was $8.68 billion, up 18% year-over-year. The segment revenue breaks down as follows:
<ul>
<li>Handsets: $6.1 billion, +12% year-over-year</li>
<li>Automotive: $899 million, +68% year-over-year</li>
<li>IoT: $1.68 billion, +18% year-over-year</li>
</ul>
The company's QCT automotive segment notched a fifth consecutive record for quarterly revenue.
QTL segment revenue was $1.52 billion, up 21% year-over-year.
"We are pleased to conclude the fiscal year with strong results in the fourth quarter, delivering greater than 30% year-over-year growth in EPS," Qualcomm CEO Cristiano Amon said. 
"We are excited about our recent product announcements at Snapdragon Summit and Embedded World, as they continue to extend our technology leadership and position us well across Handsets, PC, Automotive and Industrial IoT."
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41759928/qualcomm-q4-earnings-preview-analysts-expect-beat-and-raise-smartphone-demand-lost-">Qualcomm Q4 Earnings Preview: Analysts Expect Beat And Raise; Smartphone Demand, Lost Apple Revenue Bring Cautious Outlook</a>
What's Next: Guidance from Qualcomm calls for first-quarter revenue in a range of $10.5 billion to $11.3 billion. The company sees QCT segment revenue coming in a range of $9 billion to $9.6 billion and QTL segment revenue coming in a range of $1.45 billion to $1.65 billion.
Earnings per share guidance for the first quarter is a range of $2.85 to $3.05.
Qualcomm announced a new $15-billion stock repurchase authorization Wednesday. The new repurchase program has no expiration date and comes in addition to the October 2021 plan, which has $1 billion in authorized buybacks remaining.
"We look forward to providing an update on our growth and diversification initiatives at our Investor Day on November 19," Amon said.
QCOM Price Action: Qualcomm stock is up 5% to $173.54 on Wednesday versus a 52-week trading range of $119.15 and $230.63. Qualcomm stock is up 24% year-to-date in 2024.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41445327/qualcomms-new-chipset-brings-multi-modal-generative-ai-to-android-phones-boosting-competition-with-i" target="_blank" rel="noreferrer noopener">Qualcomm's New Chipset Brings Multi-Modal Generative AI To Android Phones, Boosting Competition With iPhone 16</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Qualcomm Q4 2024 Earnings Call &#x7C; $QCOM" width="500" height="281" src="https://www.youtube.com/embed/szHqX2lxjrk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Photo via Shutterstock.

Movers

Trading Ideas

Qualcomm Q4 Earnings Highlights: Revenue Beat, EPS Beat, New $15 Billion Share Buyback Announced

Investors with a lot of money to spend have taken a bullish stance on Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with QCOM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 33 uncommon options trades for Qualcomm.
This isn't normal.
The overall sentiment of these big-money traders is split between 51% bullish and 36%, bearish.
Out of all of the special options we uncovered, 16 are puts, for a total amount of $814,346, and 17 are calls, for a total amount of $1,296,719.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $200.0 for Qualcomm over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 3067.0 with a total volume of 13,715.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Qualcomm's big money trades within a strike price range of $100.0 to $200.0 over the last 30 days.
<h3>Qualcomm Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730920544_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$3.8</td>
<td>$3.7</td>
<td>$3.72</td>
<td>$180.00</td>
<td>$499.9K</td>
<td>9.5K</td>
<td>6.2K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$16.5</td>
<td>$16.35</td>
<td>$16.35</td>
<td>$175.00</td>
<td>$163.5K</td>
<td>239</td>
<td>100</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$12.4</td>
<td>$11.8</td>
<td>$12.25</td>
<td>$195.00</td>
<td>$122.5K</td>
<td>940</td>
<td>390</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$12.55</td>
<td>$11.75</td>
<td>$12.3</td>
<td>$195.00</td>
<td>$104.5K</td>
<td>940</td>
<td>390</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$78.4</td>
<td>$76.5</td>
<td>$77.5</td>
<td>$100.00</td>
<td>$69.7K</td>
<td>725</td>
<td>9</td>
</tr>
</tbody>
</table>

<h3>About Qualcomm</h3>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
<h3>Current Position of Qualcomm</h3>
<ul>
<li>Trading volume stands at 6,110,923, with QCOM's price up by 4.2%, positioned at $172.87.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 0 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Qualcomm, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Smart Money Is Betting Big In QCOM Options

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$145.00</td>
<td>$30.2K</td>
<td>59.8K</td>
<td>115.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$20.00</td>
<td>$61.8K</td>
<td>19.9K</td>
<td>16.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$55.2K</td>
<td>128.8K</td>
<td>14.8K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$31.3K</td>
<td>7.7K</td>
<td>3.2K</td>
</tr>
<tr>
<td>ZS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$160.00</td>
<td>$2.2 million</td>
<td>1.1K</td>
<td>3.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$170.00</td>
<td>$146.4K</td>
<td>9.4K</td>
<td>2.2K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$100.3K</td>
<td>3.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$57.00</td>
<td>$37.2K</td>
<td>1.6K</td>
<td>711</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$230.00</td>
<td>$30.0K</td>
<td>1.6K</td>
<td>578</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$170.00</td>
<td>$66.1K</td>
<td>3.3K</td>
<td>467</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on November 8, 2024. Parties traded 159 contract(s) at a $145.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.2K, with a price of $190.0 per contract. There were 59807 open contracts at this strike prior to today, and today 115290 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option trade with bullish sentiment. It expires in 9 day(s) on November 15, 2024. Parties traded 711 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $61.8K, with a price of $87.0 per contract. There were 19906 open contracts at this strike prior to today, and today 16286 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 72 day(s) on January 17, 2025. Parties traded 20 contract(s) at a $200.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $55.2K, with a price of $2760.0 per contract. There were 128880 open contracts at this strike prior to today, and today 14851 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option sweep with bullish sentiment. It expires in 72 day(s) on January 17, 2025. Parties traded 257 contract(s) at a $65.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $31.3K, with a price of $122.0 per contract. There were 7742 open contracts at this strike prior to today, and today 3265 contract(s) were bought and sold. 
• For ZS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), we notice a put option trade that happens to be bearish, expiring in 135 day(s) on March 21, 2025. This event was a transfer of 3125 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $2.2 million, with a price of $730.0 per contract. There were 1169 open contracts at this strike prior to today, and today 3125 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bearish sentiment. It expires in 44 day(s) on December 20, 2024. Parties traded 1077 contract(s) at a $170.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $146.4K, with a price of $136.0 per contract. There were 9408 open contracts at this strike prior to today, and today 2252 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 436 day(s) on January 16, 2026. Parties traded 300 contract(s) at a $45.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $100.3K, with a price of $335.0 per contract. There were 3384 open contracts at this strike prior to today, and today 1263 contract(s) were bought and sold. 
• For CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we notice a put option sweep that happens to be bearish, expiring in 9 day(s) on November 15, 2024. This event was a transfer of 300 contract(s) at a $57.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $37.2K, with a price of $124.0 per contract. There were 1687 open contracts at this strike prior to today, and today 711 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be neutral, expiring in 9 day(s) on November 15, 2024. This event was a transfer of 10 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $3007.0 per contract. There were 1677 open contracts at this strike prior to today, and today 578 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a put option sweep that happens to be bullish, expiring in 9 day(s) on November 15, 2024. This event was a transfer of 105 contract(s) at a $170.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $66.1K, with a price of $630.0 per contract. There were 3344 open contracts at this strike prior to today, and today 467 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CSCO

MARA

MSTR

PLTR

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

AMBA

LSCC

MRVL

NXPI

SLAB

Shares of companies in the broader semiconductor and chip sector are trading higher amid overall market strength following the US presidential election.

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) stocks are trading higher Wednesday after Donald Trump <a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft" target="_blank" rel="noreferrer noopener">won the election</a> for the 47th president.
The Biden administration had imposed an artificial intelligence technology embargo on China, restricting the country&#8217;s access to sophisticated AI chips from Nvidia, citing national security threats.
Nvidia maintained a lack of impact from the embargo as the U.S. Big Techs splurged on their AI ambitions.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/11/41739764/taiwan-semiconductor-faces-rising-energy-costs-potential-outages-threaten-production" rel="noreferrer noopener">Taiwan Semiconductor Faces Rising Energy Costs, Potential Outages Threaten Production</a>
Nvidia <a target="_blank" href="https://www.benzinga.com/news/24/11/41751557/nvidia-takes-short-lived-lead-over-apple-in-valuation" rel="noreferrer noopener">recently surpassed Apple</a> in market value as the chip designer&#8217;s rapid growth, driven by AI-focused GPUs, has attracted significant tech investments from Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) stock is trading lower on Wednesday in anticipation of higher tariffs.
Trump <a target="_blank" href="https://www.benzinga.com/government/24/10/41604100/trump-goes-after-taiwan-semiconductor-on-joe-rogan-podcast" rel="noreferrer noopener">attacked Taiwan twice</a>, claiming that the country undermined the U.S. chip industry.
He also criticized the CHIPS Act and pledged tariffs on Taiwanese chips if elected.
Analysts cautioned that tariffs could disrupt the global chip supply chain. Given the lack of a formal treaty, Trump questioned the U.S.&#8217;s defense stance with Taiwan and criticized federal CHIPS Act funding for foreign firms like Taiwan Semiconductor.
Wedbush Securities analyst Dan Ives projected that the upcoming $1 trillion in AI capital expenditures will <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-" rel="noreferrer noopener">add value to Nvidia</a>.
Beth Kindig of I/O Fund predicts that Nvidia&#8217;s Blackwell chips could drive its valuation to <a target="_blank" href="https://www.benzinga.com/news/24/11/41712053/end-of-an-era-ai-propels-nvidia-to-replace-struggling-intel-in-dow-index" rel="noreferrer noopener">$10 trillion next year</a>.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/11/41726213/applied-materials-and-lam-research-shift-supply-chains-away-from-china-to-meet-new-us-guidelines" target="_blank" rel="noreferrer noopener">Applied Materials and Lam Research Shift Supply Chains Away from China to Meet New US Guidelines</a></li>
</ul>
Photo via Shutterstock

AVGO

MSFT

Chip Stocks Like Nvidia, Broadcom, Taiwan Semi Gain After Trump Win - What's Going On?

Qualcomm Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) will release earnings results for its fourth quarter, after the <a href="https://www.benzinga.com/quote/qcom/earnings">closing bell on Wednesday, Nov. 6.</a>
Wall Street expects the San Diego, California-based company to report quarterly earnings at $2.56 per share, up from $2.02 per share in the year-ago period. The company projects to report revenue of $9.9 billion, compared to $8.66 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Tuesday, JPMorgan analyst Samik Chatterjee maintained Qualcomm with an Overweight and lowered the price target from $210 to $195.
With the recent buzz around Qualcomm ahead of quarterly earnings, some investors may be eyeing potential gains from the company's dividends, too. Qualcomm currently offers an annual dividend yield of 2.05%. That&#8217;s a quarterly dividend amount of 85 cents per share ($3.40 a year).
To figure out how to earn $500 monthly from Qualcomm, we start with a yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Qualcomm's $3.40 dividend: $6,000 / $3.40 = 1,765 shares.
So, an investor would need to own approximately $292,831 worth of Qualcomm, or 1,765 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $3.40 = 353 shares, or $58,566 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
Price Action: Shares of Qualcomm gained by 0.4% to close at $165.91 on Tuesday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">Jim Cramer Says He Can&#8217;t Recommend This Major Automaker, Ceva Is &#8216;Way Too High&#8217;</a></li>
</ul>

Long Ideas

How To Earn $500 A Month From Qualcomm Stock Ahead Of Q4 Earnings

U.S. stocks could witness a strong opening on Wednesday after former President Donald Trump <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">emerged victorious</a> after a long-drawn battle with Joe Biden and Kamala Harris.
With Trump returning as the U.S. President, futures of all three major indices were strongly in the green on Wednesday, pointing to upbeat sentiment on Wall Street.
The Associated Press called a Republican win in three out of seven key swing states – North Carolina, Pennsylvania, Georgia, and Wisconsin. While Michigan and Arizona are still in play, trends lean toward Trump here, too.
Shares of Trump's social media company, Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), and his billionaire ally, Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), surged in premarket trading on Wednesday.
While Trump Media shares were up over 33% in premarket trading, Tesla shares were up over 14% at the time of writing.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.74%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>2.27%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>2.87%</td>
</tr>
<tr>
<td>R2K</td>
<td>6.16%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 2.33% to $590.23 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 1.82% to $501.15, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
All three major indices ended the Tuesday session on a positive note, with the tech-heavy Nasdaq Composite surging the most.
Oil prices eased at the prospect of a Trump win resulting in a stronger U.S. dollar.
Treasury yields <a href="https://www.benzinga.com/news/24/11/41765345/treasury-yields-pop-on-trump-victory-chances-10-year-benchmark-reaches-4-month-high">popped at the prospect</a> of a Trump victory. The benchmark 10-year yield rose to levels last seen in July.
According to the CRFB's central estimate, Trump would increase the national debt by $7.75 trillion between 2026 and 2035, leading the government to issue more bonds to fund the deficit.&nbsp;
All sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, industrials, and utilities stocks recording the biggest gains on Tuesday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.43%</td>
<td>18,439.17</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.23%</td>
<td>5,782.76</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.02%</td>
<td>42,221.88</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.88%</td>
<td>2,260.84</td>
</tr>
</tbody>
</table>
</figure>
It's not just the equities that surged – top cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also surged to a new all-time high of $75,000 – at the time of writing, Bitcoin prices cooled a little to trade at $73,737, up more than 7% in the last 24 hours.
Insights From Analysts:
Veteran investor Mark Mobius, chairman of Mobius Emerging Opportunities Fund, <a href="https://www.cnbc.com/">told</a> CNBC that a Trump victory would be good for the U.S. economy.
"It looks like a Trump presidential win but also a win for Republicans in House and Senate. If that happens, you're going to see the U.S. economy really taking off," he said.
Ryan Detrick, chief market strategist at Carson Group, believes that the stage is now set for U.S. equities to rally through the year-end.
"Once we kind of get through the election uncertainty… we do think that could potentially be the springboard to a potential another strong November," Detrick told CNBC in an interview.
"This economy is still strong. This is still a bull market."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here&#39;s my full interview with <a href="https://twitter.com/ScottWapnerCNBC?ref_src=twsrc%5Etfw">@ScottWapnerCNBC</a> on <a href="https://twitter.com/CNBCClosingBell?ref_src=twsrc%5Etfw">@CNBCClosingBell</a> today. &#x2A; Why a rally is likely once we get the election out of the way &#x2A; The Fed could be what upsets markets this week &#x2A; Tech is pricey, but there are some cheap areas for investors <a href="https://t.co/OHRImYEaCl">https://t.co/OHRImYEaCl</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1853935196065730946?ref_src=twsrc%5Etfw">November 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Stephen Dainton, President of Barclays Bank PLC and Head of Investment Bank Management, told <a href="https://www.wsj.com/livecoverage/stock-market-today-fed-meeting-dow-nasdaq-sp500-live-11-06-2024/card/-full-on-trump-trade-investors-pile-into-stocks-dump-treasurys-ODshDaYnFSIb7kB2a2Ir?mod=lctimeline_finance">the</a> Wall Street Journal that the markets had already decided that Trump would win.
&#8220;The markets are now trading full-on Trump trade."
Echoing Detrick&#8217;s bull run thesis, WisdomTree and Wharton School economist&nbsp;Jeremy Siegel&nbsp;said the equity surge could continue.
&#8220;In the near term, stock markets seem poised for further gains, bolstered by resilient earnings and steady economic fundamentals, while bond markets will likely grapple with higher yields and volatility ahead,&#8221; he said.
&#8220;The bull market in stocks looks set to continue, while bonds face a rougher road.&#8221;
On the economic data front, the trade deficit in the U.S. increased to $84.4 billion in September, recording the highest level since April 2022, and above market estimates of a $84.1 billion gap, versus a revised $70.8 billion gap in August.
The ISM services PMI rose to 56 in October, recording the highest reading since Aug. 2022.
See Also:&nbsp;<a href="https://www.benzinga.com/money/how-to-trade-futures" target="_blank" rel="noreferrer noopener">How To Trade Futures</a>
Upcoming Economic Data
Wednesday's economic calendar is light, with only S&amp;P scheduled to release the final U.S. services purchasing manager&#8217;s index (PMI) at 9:45 a.m. ET.
Stocks In Focus:
<ul>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares popped over 37% in premarket trading on Wednesday.</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares surged over 15%. CEO Elon Musk has been a vocal Trump supporter and has also advocated for a "Department of Government Efficiency," or "DOGE."</li>
<li>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares surged over 13% after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices topped $75,000 for the first time.</li>
<li>Private prison company Geo Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) shares gained over 24% during premarket hours.</li>
<li>Stocks of the biggest U.S. lenders, JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), The Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) gained between 7% and 9% in premarket hours.</li>
<li>Investors are awaiting earnings results from CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), Johnson Controls International Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures eased in the early New York session, falling by 1.25% as Trump's return to the White House has led to a stronger U.S. dollar.
The 10-year Treasury note yield surged to 4.467%.
Major Asian markets ended Wednesday on a mixed note, while European stocks showed strength in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">Donald Trump Defeats Kamala Harris To Win 2024 Election</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Economics

Federal Reserve

Pre-Market Outlook

$BTC

COIN

TSLA

Dow, Nasdaq Futures Race Higher As Trump Wins White House: DJT, Tesla Shares Surge — Veteran Investor Predicts US Economy Could 'Take Off'

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, but the index remained in the &#8220;Fear&#8221; zone on Tuesday.
U.S. stocks settled higher on Monday, with the Dow Jones index gaining more than 400 points as investors awaited the results of the U.S. presidential election. The Federal Reserve is also scheduled to announce its November rate decision on Thursday.
On the economic data front, the trade deficit in the U.S. increased to $84.4 billion in September, recording the highest level since April 2022, and above market estimates of a $84.1 billion gap, versus a revised $70.8 billion gap in August. The ISM services PMI rose to 56 in October, recording the highest reading since Aug. 2022.
Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) posted downbeat results for its third quarter. Shares of Vimeo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMEO#NASDAQ">VMEO</a>) jumped around 45% on Tuesday after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.
All sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, industrials, and utilities stocks recording the biggest gains on Tuesday.
The Dow Jones closed higher by around 427 points to 42,221.88 on Tuesday. The S&amp;P 500 gained 1.23% to 5,782.76, while the Nasdaq Composite jumped 1.43% to close at 18,439.17 during Tuesday's session.
Investors are awaiting earnings results from CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 43.5, the index remained in the &#8220;Fear&#8221; zone on Tuesday, versus a prior reading of 41.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">Jim Cramer Says He Can&#8217;t Recommend This Major Automaker, Ceva Is &#8216;Way Too High&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

VMEO

Dow, Nasdaq Jump Over 1% Ahead Of Election Results: Investor Sentiment Improves, But Greed Index Remains In 'Fear' Zone

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) to report quarterly earnings at $1.53 per share on revenue of $92.75 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. CVS Health shares rose 0.7% to $55.70 in after-hours trading.</li>
<li>Globus Medical, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMED#NYSE">GMED</a>) reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates. The company reported quarterly earnings of 83 cents per share which beat the analyst consensus estimate of 65 cents per share. The company reported quarterly sales of $625.71 million which beat the analyst consensus estimate of $603.93 million. Globus Medical shares surged 10.3% to $83.35 in the after-hours trading session.</li>
<li>Analysts are expecting Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) to post quarterly earnings at $1.2 per share on revenue of $7.17 billion. The company will release earnings before the markets open. Johnson Controls International shares rose 2.3% to $76.55 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) lowered its financial outlook. The company expects to report first-quarter revenue of $5.9 billion to $6 billion, down from its previous guidance range of $6 billion to $7 billion. The company anticipates adjusted earnings of 75 cents to 76 cents per share, versus its previous guidance of 67 cents to 83 cents per share. Super Micro Computer shares dipped 16% to $23.28 in the after-hours trading session.</li>
<li>Analysts expect Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) to report quarterly earnings at $2.56 per share on revenue of $9.9 billion after the closing bell. QUALCOMM shares gained 0.2% to $166.19 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">Jim Cramer Says He Can&#8217;t Recommend This Major Automaker, Ceva Is &#8216;Way Too High&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

GMED

CVS Health, Johnson Controls And 3 Stocks To Watch Heading Into Wednesday

Technology company Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) could highlight its diversifying revenue and lowered reliance on the smartphone market when the company reports fourth-quarter financial results Wednesday<a href="https://www.benzinga.com/earnings"> after market close.</a>
Earnings Estimates: Analysts expect Qualcomm to report fourth-quarter revenue of $9.91 billion. That&#8217;s up from last year's fourth-quarter total of $8.67 billion, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1">from Benzinga Pro.</a>
The company has beaten analyst estimates for revenue in four straight quarters and eight of the last 10 quarters overall.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41754570/qualcomm-vs-arm-pre-earnings-semiconductor-showdown">Qualcomm Vs. Arm: Pre-Earnings Semiconductor Showdown</a>
Analysts expect the company to report fourth-quarter earnings per share of $2.56, up from $2.02 in last year's fourth quarter. The company has beaten analyst estimates for earnings per share in five straight quarters. Qualcomm has beaten estimates in eight of the last 10 quarters with two makes and no misses in the stretch.
<a href="https://www.benzinga.com/news/earnings/24/07/40080595/qualcomm-q3-earnings-highlights-revenue-beat-eps-beat-strong-execution-of-our-growth-and-diversific">Guidance from the company</a> calls for fourth-quarter revenue to be in a range of $9.5 billion to $10.3 billion and earnings per share to be in a range of $2.45 to $2.65.
What Analysts Are Saying: Challenges in the smartphone sector continue to be an issue for Qualcomm, JPMorgan analyst Samik Chatterjee said in a new investor note.
"Qualcomm is challenged by the lack of recovery in the smartphone market, which is driving the strength in the smartphone component supply chain in 1H24 led by inventory refill by Chinese smartphone OEMs," Chatterjee said.
The analyst has an Overweight rating and lowered the price target from $210 to $195.
Chatterjee said along with smartphone challenges, Qualcomm faces a loss of revenue to Huawei and adoption of AI PCs and AI smartphones could take time.
The analyst sees potential downside from the upcoming earnings report, even with the stock pulling back in recent weeks.
Sustainable growth and diversified exposure to automotive, industrial IoT and consumer IoT could help re-rate the stock in the future, the analyst said.
A strong fourth quarter from Qualcomm could help deliver a "short cover" rally, Cantor Fitzgerald analyst C.J. Muse said in a new investor note.
"Look for QCOM to offer a beat and modest raise as a result of strength in premium handsets in domestic China and higher ASP with the new Snapdragon AP," Muse said.
The analyst has a Neutral rating on Qualcomm with a $160 price target.
Qualcomm's higher exposure to Samsung and less exposure to mid-tier handsets could lead to better results from the company than peers, the analyst said.
The analyst does have concerns about Qualcomm's potential lost business to Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
"Bigger picture, while we applaud the company's diversification efforts, structural concerns regarding the loss of Apple modem biz, China exposure/desire to in-source and expected slow uptake for ARM PC CPU's keep us on the sidelines."
The analyst points to Qualcomm's Automotive and IoT investor day on Nov. 19 as a potential catalyst to hear about financial targets that could help offset the loss of revenue from Apple.
Price Action: Qualcomm stock was up 0.4% to $165.91 on Tuesday versus a 52-week trading range of $118.38 to $230.63. Qualcomm stock is up 18% year-to-date in 2024.
Read Next:<a href="https://www.benzinga.com/news/24/10/41445327/qualcomms-new-chipset-brings-multi-modal-generative-ai-to-android-phones-boosting-competition-with-i"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41445327/qualcomms-new-chipset-brings-multi-modal-generative-ai-to-android-phones-boosting-competition-with-i">Qualcomm&#8217;s New Chipset Brings Multi-Modal Generative AI To Android Phones, Boosting Competition With iPhone 16</a></li>
</ul>
Image: Shutterstock

Analyst Color

Price Target

Previews

Reiteration

Analyst Ratings

Qualcomm Q4 Earnings Preview: Analysts Expect Beat And Raise; Smartphone Demand, Lost Apple Revenue Bring Cautious Outlook

As Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and Arm Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) gear up to <a href="https://www.benzinga.com/earnings">release their earnings</a> Wednesday, the two <a href="https://www.benzinga.com/topic/semiconductors">semiconductor giants</a> face bearish technical pressures but diverge in their growth paths. 
<h2 class="wp-block-heading">Qualcomm: Navigating Challenges Amid Bearish Technicals</h2>
Qualcomm, a mainstay in mobile chipsets, faces strong bearish signals.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05125732/Screenshot-2024-11-05-at-11.20.50-PM.png" alt="" class="wp-image-630916" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05125732/Screenshot-2024-11-05-at-11.20.50-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05125732/Screenshot-2024-11-05-at-11.20.50-PM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
QCOM stock is trading at $165.87, well below its eight, 20, and 50-day simple moving averages. Analysts expect fourth quarter EPS of $2.56 on revenue of $9.91 billion, but the stock's recent bearish signals from technical indicators suggest caution. 
QCOM's MACD (Moving Average Convergence/Divergence) is -0.94, and its RSI (Relative Strength Index) is 45.95, indicating a neutral condition with limited immediate upside potential due to bearish momentum.
Qualcomm's expansion into automotive and IoT markets showcases its strategic shift, but near-term pressures from regulatory concerns and competition—particularly from Apple Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) modem push—continue to cloud investor sentiment.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41652277/amds-ai-data-center-business-booms-ceo-says-its-closed-a-good-part-of-that-gap-with-nvidia">AMD&#8217;s AI Data Center Business Booms: CEO Says It&#8217;s &#8216;Closed A Good Part Of That Gap&#8217; With Nvidia</a>
<h2 class="wp-block-heading">Arm Holdings: Bullish Hints Despite Near-Term Pressures</h2>
Arm, with its IP-licensing model and strong YTD performance, shows resilience amid bearish trends. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05130141/Screenshot-2024-11-05-at-11.21.49-PM.png" alt="" class="wp-image-630924" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05130141/Screenshot-2024-11-05-at-11.21.49-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05130141/Screenshot-2024-11-05-at-11.21.49-PM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Trading at $139.89, ARM stock is below short-to medium-term SMAs (eight-day at $145.69, 20-day at 148.79, and 50-day at $141.22), signaling a bearish trend prevailing. Moreover, its MACD is a negative 0.23, which reinforces the bearish trend.
However, the 200-day SMA provides support at $131.04, signaling potential long-term strength.
Analysts forecast that the second quarter EPS will be 26 cents on revenue of $808.37 million.
Unlike Qualcomm, Arm's royalty-based model shields it from manufacturing woes, positioning it for growth in high-demand areas like AI, data centers, and IoT.
<h2 class="wp-block-heading">Different Risks, Different Rewards</h2>
While both stocks have bearish technical signals, Qualcomm's cyclicality contrasts with Arm's steadier IP-driven model. Investors eyeing Qualcomm may anticipate a comeback in 5G and automotive, while Arm's appeal lies in its growth as a diversified IP giant. 
This earnings season will be pivotal for both, but the charts suggest caution.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41745935/super-micro-computer-posts-q1-earnings-are-delisting-fears-here-to-stay-or-can-the-stock">Super Micro Computer Posts Q1 Earnings: Are Delisting Fears Here To Stay Or Can The Stock Rebound?</a></li>
</ul>
Photo: Shutterstock

Technicals

Qualcomm Vs. Arm: Pre-Earnings Semiconductor Showdown

During the last three months, 5 analysts shared their evaluations of Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $196.0, a high estimate of $230.00, and a low estimate of $160.00. This current average has decreased by 11.31% from the previous average price target of $221.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1730822476_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of Qualcomm by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$195.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$230.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Christopher Danely</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$160.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$230.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Qualcomm. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Qualcomm compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Qualcomm's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Qualcomm's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/QCOM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Qualcomm analyst ratings.</a>
<h2>Unveiling the Story Behind Qualcomm</h2>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
<h3>Unraveling the Financial Story of Qualcomm</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Qualcomm's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.15% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Qualcomm's net margin is impressive, surpassing industry averages. With a net margin of 22.67%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Qualcomm's ROE excels beyond industry benchmarks, reaching 8.67%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Qualcomm's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.02%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.59, caution is advised due to increased financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Qualcomm: 5 Analysts Share Their Views

JP Morgan analyst Samik Chatterjee maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Overweight and lowers the price target from $210 to $195.

JP Morgan Maintains Overweight on Qualcomm, Lowers Price Target to $195

Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has a Gaudi problem on its hands – the chipmaker revealed that its AI accelerator won't even make $500 million in 2024, falling short of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41685301/analyst-throws-support-behind-intel-ceo-gelsinger-after-better-than-expected-q3-res">CEO Pat Gelsinger's target</a> of $1 billion to $2 billion.
What Happened: Gelsinger revealed during Intel's third-quarter earnings call that the Gaudi AI accelerator program will fall short of revenue targets due to a transition from second to third generation.
"The overall uptake of Gaudi has been slower than we anticipated as adoption rates were impacted by the product transition from Gaudi 2 to Gaudi 3 and software ease of use," Gelsinger said.
"As a result, we will not achieve our target of 500 million in revenue for Gaudi in 2024. That said, taking a longer term view, we remain encouraged by the market available to us."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
This comes at a critical time for Intel – the iconic chipmaker's stock is down nearly 55% in 2024 so far, which has drawn attention from rival Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), which is <a href="https://www.benzinga.com/news/24/09/40968128/qualcomm-reportedly-eyes-potential-takeover-of-intel-amid-60-stock-decline-but-antitrust-concerns-lo">reportedly eyeing a takeover of Intel</a>.
While it is not clear if this will eventually materialize, it points to a weak phase that Intel is going through.
Three of the biggest chip makers – Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Intel, and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) – all have their respective data center business segments which have gained traction in 2023.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41328252/apples-iphone-16-powers-record-sales-in-q3-just-behind-samsung-in-global-market-share-battle">Apple&#8217;s iPhone 16 Powers Record Sales In Q3, Just Behind Samsung In Global Market Share Battle</a>
While Intel led in 2022, the company's data center revenue started declining in 2023, coinciding with Nvidia's rise. On the other hand, 2022 and 2023 were both lukewarm for AMD, but it started gathering pace in the fourth quarter of 2023.
Here's how Nvidia, Intel, and AMD's data center business has performed since 2022.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Period</td>
<td>Nvidia</td>
<td>Intel</td>
<td>AMD</td>
</tr>
<tr>
<td>Q1 2022</td>
<td>$3.8B</td>
<td>$6.1B</td>
<td>$1.3B</td>
</tr>
<tr>
<td>Q2 2022</td>
<td>$3.8B</td>
<td>$4.7B</td>
<td>$1.5B</td>
</tr>
<tr>
<td>Q3 2022</td>
<td>$3.8B</td>
<td>$4.4B</td>
<td>$1.6B</td>
</tr>
<tr>
<td>Q4 2022</td>
<td>$3.6B</td>
<td>$4.6B</td>
<td>$1.7B</td>
</tr>
<tr>
<td>Q1 2023</td>
<td>$4.3B</td>
<td>$3.7B</td>
<td>$1.3B</td>
</tr>
<tr>
<td>Q2 2023</td>
<td>$10.3B</td>
<td>$4.0B</td>
<td>$1.3B</td>
</tr>
<tr>
<td>Q3 2023</td>
<td>$14.5B</td>
<td>$3.8B</td>
<td>$1.6B</td>
</tr>
<tr>
<td>Q4 2023</td>
<td>$18.4B</td>
<td>$4B</td>
<td>$2.3B</td>
</tr>
<tr>
<td>Q1 2024</td>
<td>$22.6B</td>
<td>$3B</td>
<td>$2.3B</td>
</tr>
<tr>
<td>Q2 2024</td>
<td>$26.3B</td>
<td>$3B</td>
<td>$2.8B</td>
</tr>
<tr>
<td>Q3 2024</td>
<td>TBA</td>
<td>$3.3B</td>
<td>$3.5B</td>
</tr>
</tbody>
</table>
</figure>
Source: Nvidia, Intel, and AMD &#x7C; Nvidia's Q3 2024 results have not been announced yet.
Nvidia Rides AI Boost: Unsurprisingly, Nvidia's stock has also massively benefited from its dominance in AI chips – the Jensen Huang-led company has risen to the top, dethroning Apple on multiple occasions to become the world's most valuable company by market capitalization.
Nvidia's current market capitalization stands at $3.256 trillion, while Intel's is $92.73 billion and AMD's is $233.8 billion.
Gelsinger maintained an optimistic outlook, saying&nbsp;"We remain encouraged by the market available to us. There is a clear need for solutions with superior [total cost of ownership] based on open standards, and we are continuing to enhance the Gaudi value proposition."
For the quarter that just ended, Intel reported $13.28 billion in revenue, beating Street estimates of $13.02 billion.
Price Action: Intel's shares were up 6.8% in premarket trading on Friday at $22.98, according to Benzinga Pro data.
Nvidia's stock was up 1.1% at $134.27, while AMD stock was up 0.6% at $144.99.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/23/12/36199410/nvidias-ai-chips-eat-intels-lunch-heres-how-much-more-youd-have-made-if-you-invested-1-000-in-je">Nvidia&#8217;s AI Chips Eat Intel&#8217;s Lunch: Here&#8217;s How Much More You&#8217;d Have Made If You Invested $1,000 In Jensen Huang&#8217;s Company Instead Of Intel In 2023</a></li>
</ul>
Photos courtesy: Shutterstock

Intel Says It Won't Even Make $500M From Gaudi AI Chips In 2024 Despite Nvidia Minting Billions: CEO Gelsinger Says Uptake 'Slower Than We Anticipated'

AMAT

ENTG

KLAC

LRCX

MCHP

SWKS

Shares of semiconductor stocks are trading lower. The sector may be under pressure following recent earnings from multiple companies in the sector.

ASML

RMBS

SIMO

TSEM

Shares of chip stocks are trading lower. The sector may be under pressure after AMD and Qorvo fell on their respective earnings reports and outlook. Additionally, SMCI may be causing sector uncertainty after its independent auditor resigned.

Check out this evening's top movers from around Wall Street, compiled by The Fly.&nbsp;&nbsp; HIGHER AFTER EARNINGS – AppLovin (APP)&nbsp;up 28.6% ...

Closing Bell Movers: AppLoving up 29% after Q3 earnings beat

QUALCOMM Incorporated (QCOM) Q4 2024 Earnings Call Transcript

Qualcomm (QCOM – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Joshua Buchalter from T...

Qualcomm's Strong Performance and Growth Potential in Automotive and IoT Sectors Justifies Buy Rating

Mizuho Securities analyst Kevin Wang has maintained their bullish stance on QCOM stock, giving a Buy rating yesterday. Kevin Wang has given his Buy...

Qualcomm's Strategic Expansion and Robust Performance Support Buy Rating

In this video, Ira Epstein reviews the day's trading in various SPDR-ETF markets for the trading day that ended, Wednesday, November 6.

SPDR ETF Report For Wednesday, Nov 6

DBS analyst Fang Boon Foo has maintained their bullish stance on QCOM stock, giving a Buy rating yesterday. Fang Boon Foo has given his Buy rating ...

Qualcomm: Strategic Positioning and Growth Potential Justify Buy Rating

Qualcomm (QCOM): New Buy Recommendation for This Technology Giant

KeyBanc analyst John Vinh maintained a Hold rating on Qualcomm (QCOM – Research Report) today. The company's shares closed yesterday at $172.99. Ac...

KeyBanc Reaffirms Their Hold Rating on Qualcomm (QCOM)

Bank of America Securities analyst Tal Liani reiterated a Buy rating on Qualcomm (QCOM – Research Report) today and set a price target of $245.00. ...

Qualcomm's Strong Quarterly Performance and Growth Prospects Amid Potential Risks

Biggest stock movers Thursday: QCOM, MELI, and more

ACLS

ASPN

BROS

COPX

CPRX

CRWD

CTVA

DUOL

FRSH

GILD

HUBS

KWEB

LYFT

MELI

MKSI

MTCH

RRGB

RXRX

SEDG

SRPT

TNDM

TRIP

TTWO

WOLF

Press Releases

Qualcomm Earnings Release Available on Company's Investor Relations Website

Qualcomm Announces Quarterly Cash Dividend

Qualcomm Schedules Third Quarter Fiscal 2024 Earnings Release and Conference Call

Qventus Names Industry Leader Jamie Eisinger Burgess as Senior Vice President of Marketing

Qualcomm and Sequans Reach Agreement on Sale of 4G IoT Technology

Drones Driven by A.I. Are Taking Over Major Industries Including Agriculture, Construction, Military & More

Qualcomm Schedules Fourth Quarter and Fiscal 2024 Earnings Release and Conference Call

DPRO

FLEX

SQNS

UAVS

ZENA

Analog Devices

Astera Labs

Advanced Micro Devices, Inc. - Common Stock

Advanced Micro Devices

Arm Holdings plc - American Depositary Shares

ARM Holdings

ASE Technology Holding Co., Ltd. American Depositary Shares (each representing Two Common Shares)

Comments

Qualcomm

Qualcomm (QCOM) Opciones

Qualcomm (NASDAQ:QCOM) Bolsa, Cadena de Opciones

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL