Company Of The Day: Qualcomm

-30.48%
Downside
210
Market
146
Trefis
QCOM: Qualcomm logo
QCOM
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?

Relevant Articles
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  3. Will Qualcomm Stock Return To Pre-Inflation Shock Highs Of $189?
  4. Will Qualcomm Stock Return To Pre-Inflation Shock Highs Of $190?
  5. With Expectations Low For Q4, Will Qualcomm Spring A Surprise?
  6. Will Qualcomm Stock Return To Pre-Inflation Shock Highs Of Over $180?

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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