QCOM Jun 2024 80.000 call
| Previous Close | 79.22 |
| Open | 79.22 |
| Bid | 99.95 |
| Ask | 100.90 |
| Strike | 80.00 |
| Expire Date | 2024-06-21 |
| Day's Range | 79.22 - 79.22 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 65 |
- Yahoo Finance Video
Qualcomm CFO details 'first steps' of AI integration in phones
Qualcomm Inc. (QCOM) has issued an upbeat sales outlook, boosted by the chipmaker's anticipation of a resurgence in smartphone demand from China. To delve deeper into this forecast, Qualcomm' Chief Financial Officer Akash Palkhiwala joins Yahoo Finance anchor Julie Hyman. Palkhiwala states that the company is "very happy" with the current dynamics in the smartphone market, citing a trend of Android users gravitating "toward more premium devices." Looking ahead, the CFO reveals that Qualcomm is embarking on its "first steps" to integrate generative AI capabilities into devices, with the aim to extend this technology into the company's automotive and PC sectors in the future. Palkhiwala highlights that the integration of generative AI has already started within the company's hardware offerings. However, the primary focus moving forward will be on enhancing use cases and features within premium devices. "We're at the front end of a multiyear trend, and we're excited about what the devices can do with this capability," Palkhiwala told Yahoo Finance. "There's an upside opportunity for us if this drives an upgrade cycle in smartphones." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance Video
Qualcomm results suggest supercycle is on the horizon: Analyst
Qualcomm Inc. (QCOM) reported its second quarter earnings results, beating analyst estimates on the top and bottom lines. The semiconductor giant's second quarter adjusted earnings were $2.44 per share, topping Street estimates of $2.32. Adjusted revenue of $9.39 billion was just slightly better than the $9.32 billion estimate. Joining Market Domination Overtime to discuss the results are Rosenblatt Securities Managing Director and Senior Research Analyst Kevin Cassidy and Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead. While the quarter focused primarily on Qualcomm's handset sales, Moorhead highlights the company's automotive segment as "the biggest surprise" in the results. He notes that this sector witnessed a remarkable surge in its backlog, increasing from $30 billion to a staggering $45 billion over the course of 18 months, describing the feat as "pretty big." Asked about AI's implications, Moorhead says that with Qualcomm's new chips featuring "supersized AI" capabilities, he is "very optimistic" that a supercycle could emerge in the latter half of the year. Cassidy echoed Moorhead's sentiment, describing Qualcomm's results as "a relief" amid reports of weakening demand in the Android sector. He agrees with the notion of a potential supercycle, saying that Qualcomm's unique features and applications could support such a development. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Chipmaker earnings: What investors can glean about AI drivers
Semiconductor leaders Advanced Micro Devices (AMD) and Super Micro Computer (SMCI) are running into trouble as both of their shares are falling after reporting their prospective earnings results; AMD shares have been edging lower since reporting a first-quarter earnings beat on Tuesday, while Super Micro narrowly missed fiscal third-quarter revenue estimates. Yahoo Finance Markets Reporter Josh Schafer analyzes the latest earnings from chipmakers and what results are informing investors about potentially slowing AI catalysts. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
