Previous Close | 0.3100 |
Open | 0.2700 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 95.00 |
Expire Date | 2025-01-17 |
Day's Range | 0.2700 - 0.3100 |
Contract Range | N/A |
Volume | |
Open Interest | 5.89k |
We recently compiled a list of the 10 Most Promising AI Stocks According to Analysts. In this article, we are going to take a look at where QUALCOMM Incorporated (NASDAQ:QCOM) stands against the other promising AI stocks. The General Outlook for Tech and AI is Positive While 2024 has been a solid year for defensive stocks […]
Qualcomm stock was downgraded by a KeyBanc analyst over concerns that Apple will create its own modem, while personal computer demand still hasn’t recovered. Qualcomm makes products for wireless technology, like phones and laptops. Analyst John Vinh downgraded shares of Qualcomm to Sector Weight from Overweight without a price target on Tuesday.
KeyBanc has revised its stance on Qualcomm (QCOM), downgrading the company to Sector Weight from Overweight. This move stems from Qualcomm's position in the artificial intelligence (AI) landscape — which KeyBanc analyst John Vinh believes is less prominent in edge AI applications than previously thought. Additionally, Vinh doesn't anticipate Qualcomm reaping benefits from any AI-driven replacement cycles in the immediate future. Market Domination Hosts Julie Hyman and Josh Lipton break down the details. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith