Investor buys Qualcomm due to anticipated earnings from automotive and IoT, not cellphones

From Yahoo Finance: 2025-06-28 04:22:00

Jim Lebenthal of CNBC Investment Committee is buying Qualcomm Inc (QCOM) despite doubts about the cellphone market. He anticipates earnings revisions rising due to automotive and internet of things, not cell phones. Mairs & Power Balanced Fund sees Qualcomm as a valuable tech company with strong cash flows, despite legal challenges. They believe in its long-term position in wireless technology. However, some prefer AI stocks for higher returns with limited downside risk.



Read more at Yahoo Finance: Analyst Explains Why He’s Buying Qualcomm (QCOM) Despite Fading Hopes of Cellphone ‘Super Cycle’