Company Of The Day: Qualcomm
What?
Qualcomm (NASDAQ:QCOM) posted a stronger than expected set of Q4 FY’21 results last week, as the company’s smartphone chip sales jumped 56% year-over-year, despite the ongoing chip shortage.
Why?
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Demand for the company’s chips has been strong and Qualcomm has also been able to secure supply by banking on multiple foundries for production.
So What?
QCOM stock has rallied by over 15% since its earnings were published last Wednesday.
See Our Complete Analysis For Qualcomm
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