Qualcomm's (QCOM) stock fell amid investor concerns over demand for new smartphones, even as Q1 results beat estimates and drew largely positive reactions from analysts.
Learn more about whether Onto Innovation Inc. or QUALCOMM Incorporated is a better investment based on AAII's A+ Investor grades, which compare both companies' key financial metrics.
In that report, analysts expect Qualcomm to post earnings of $2.92 per share. This would mark year ... are directly linked with the stock price performance in the near future.
That's 28.3% above today's price. I see two biggest challenges ... rivals like Huawei developing their own chipsets, Qualcomm's market share in this vital area is now in doubt.
Qualcomm's Snapdragon X series chips now reportedly power 10% of high-end Windows PCs in the US that have a price tag of $800 or above - a jump from the 0.8% market share it had in Q3 last year.