Here are a few notes from their earnings call :
With smartphone sales stalling, they are diversifying their revenues with automotive and IoT
Meta’s Quest 3 will be powered by Qualcom’s Snapdragon XR platform
Qualcomm seems to be counting a lot on the chinese market
They promise to announce exciting new products at Snapdragon Summit in October
Collaboration with Meta on Llama 2-based AI implementations on flagship smartphones and PCs
Collaboration with Microsoft to bring ‘’best-in-class’’ AI experience to users across multiple Microsoft products
They say their NPU’s ‘’unparalleled AI processing performance and power efficiency will become a requirement’’ .. hinting something will be announced at Snapdragon Summit
They will try to cut some costs in the first part of next year.
The smartphone market is stalling, but the market for brand-new phones is decreasing a lot (more people are buying used phones). They are confident the smartphone industry will rebound.
So … anyone bullish on Qualcomm ? or are they full of ish ?
[link] [comments] https://www.reddit.com/r/stocks/comments/15ufvq7/is_qualcomm_a_good_buying_opportunity_or_are/
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