Previous Close | 2.3400 |
Open | 1.8000 |
Bid | 1.6200 |
Ask | 1.9500 |
Strike | 270.00 |
Expire Date | 2025-06-20 |
Day's Range | 1.8000 - 1.8000 |
Contract Range | N/A |
Volume | |
Open Interest | 517 |
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
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.
Key Insights The projected fair value for QUALCOMM is US$269 based on 2 Stage Free Cash Flow to Equity QUALCOMM is...