QCOM Jan 2025 185.000 call
| Previous Close | 12.94 |
| Open | 12.50 |
| Bid | 11.35 |
| Ask | 11.95 |
| Strike | 185.00 |
| Expire Date | 2025-01-17 |
| Day's Range | 12.50 - 12.50 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 924 |
- 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
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BloombergQualcomm Gives Solid Outlook in Sign of Smartphone Recovery
(Bloomberg) -- Qualcomm Inc., the world’s biggest seller of smartphone processors, gave an upbeat forecast for sales and profit in the current period, suggesting demand for handsets is increasing after a two-year slump.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Econ
