From Yahoo Finance: 2024-05-11 14:15:00

Nvidia has seen a tremendous 215% gain in the past year, largely due to its AI chip dominance. However, its revenue from the automotive segment remains at $1.1 billion, showing just 2% market capture. Qualcomm, on the other hand, is excelling in the automotive chip market, with $603 million in automotive revenue in Q2 fiscal 2024, indicating 35% growth year-over-year. Qualcomm’s $45 billion automotive pipeline suggests substantial future growth, projecting over $4 billion in annual revenue by fiscal 2026. Investors consider Qualcomm, with its cheaper valuation than Nvidia, to potentially offer more significant gains in the future.



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