From Nasdaq: 2024-05-25 03:25:00

Qualcomm’s stock has surged by nearly 40% in 2024, reaching all-time highs, thanks to profitability in new consumer markets like high-end 5G connectivity chips. The company’s upcoming Snapdragon X Elite laptop chips for Windows laptops could open a new growth market, potentially impacting giants like Intel and AMD.

Qualcomm’s profit margins are set to improve as consumer spending stabilizes post-pandemic. Higher ASPs on smartphone chips and revenue from new business segments like PCs and automotive chips will contribute to stronger margins. Expect low-teens growth in EPS over the next few years, positioning Qualcomm as a value stock.

While Qualcomm remains a solid investment, investors may want to consider other top stocks recommended by the Motley Fool Stock Advisor analyst team. The service, which has outperformed the S&P 500 since 2005, offers regular updates and stock picks. Qualcomm didn’t make the cut for the 10 best stocks for investors to buy now, so explore other options for potential monster returns.



Read more at Nasdaq: Why Qualcomm Stock Could Still Be a Great Value Now