| Previous close | 0.0300 |
| Open | 0.0300 |
| Bid | 0.0000 |
| Ask | 0.1700 |
| Strike | 60.00 |
| Expiry date | 2024-06-21 |
| Day's range | 0.0300 - 0.0300 |
| Contract range | N/A |
| Volume | |
| Open interest | 604 |
- Yahoo Finance Video
Qualcomm results suggest supercycle is on the horizon: Analyst
Qualcomm Inc. (QCOM) reported its second quarter earnings results, beating analyst estimates on the top and bottom lines. The semiconductor giant's second quarter adjusted earnings were $2.44 per share, topping Street estimates of $2.32. Adjusted revenue of $9.39 billion was just slightly better than the $9.32 billion estimate. Joining Market Domination Overtime to discuss the results are Rosenblatt Securities Managing Director and Senior Research Analyst Kevin Cassidy and Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead. While the quarter focused primarily on Qualcomm's handset sales, Moorhead highlights the company's automotive segment as "the biggest surprise" in the results. He notes that this sector witnessed a remarkable surge in its backlog, increasing from $30 billion to a staggering $45 billion over the course of 18 months, describing the feat as "pretty big." Asked about AI's implications, Moorhead says that with Qualcomm's new chips featuring "supersized AI" capabilities, he is "very optimistic" that a supercycle could emerge in the latter half of the year. Cassidy echoed Moorhead's sentiment, describing Qualcomm's results as "a relief" amid reports of weakening demand in the Android sector. He agrees with the notion of a potential supercycle, saying that Qualcomm's unique features and applications could support such a development. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Chipmaker earnings: What investors can glean about AI drivers
Semiconductor leaders Advanced Micro Devices (AMD) and Super Micro Computer (SMCI) are running into trouble as both of their shares are falling after reporting their prospective earnings results; AMD shares have been edging lower since reporting a first-quarter earnings beat on Tuesday, while Super Micro narrowly missed fiscal third-quarter revenue estimates. Yahoo Finance Markets Reporter Josh Schafer analyzes the latest earnings from chipmakers and what results are informing investors about potentially slowing AI catalysts. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- GuruFocus.com
Qualcomm Inc (QCOM) Q2 2024 Earnings Call Transcript Highlights: Surpassing Expectations with ...
Explore how Qualcomm's strategic advancements in chipset and automotive sectors led to robust financial outcomes and a promising outlook.
