Qualcomm Inc. is trading slightly higher Monday after the stock was added to JPMorgan’s Analyst Focus List. What Happened JPMorgan analyst Samik Chatterjee maintained Qualcomm with an Overweight rating and $225 price target. The analyst expects easing supply and benefits of diversification to lead to both earnings upside and a rerating of the stock. Lebenthal’s…
Qualcomm’s AI Chip Chief Departs to Take Helm at Startup MemryX
Keith Kressin, the executive who oversaw Qualcomm Inc.’s artificial intelligence chip efforts, has left to take the top job at a Michigan-based semiconductor startup. Kressin has become chief executive of MemryX, founded in 2019 by University of Michigan professors Wei Lu and Zhengya Zhan, the company told Reuters. MemryX is working on its second generation…
SDSU to Play in ‘Snapdragon Stadium’ in 2022, as Qualcomm Buys Naming Rights
SAN DIEGO—San Diego State University’s (SDSU) new athletic facility in Mission Valley will be known as Snapdragon Stadium. SDSU officials announced on Dec. 6 a long-term agreement with San Diego-based Qualcomm Technologies. Snapdragon is the name of Qualcomm’s mobile platform brand. “Partnering with Qualcomm on Snapdragon Stadium continues our push for creating a world class stadium…
Qualcomm Launches Premium Android Phone Chip
Qualcomm Inc. launched its new top-tier smartphone chip aimed at premium-priced Android phones. The chip involves features like sharper photos and graphics than handsets using chips from rivals. The Snapdragon 8 Gen 1 chip will have similar computing cores to rivals like MediaTek Inc., which recently announced a chip aimed at premium phones, Reuters reports….
Qualcomm Separates Snapdragon Brand
Qualcomm Inc. has announced its plans to split the Qualcomm and Snapdragon brands. From now on, Snapdragon will be a “standalone product brand with specific ties to the Qualcomm brand where appropriate.” “A new simplified and consistent naming structure for our platforms makes it easier for our customers to discover and choose devices powered by…
Analysts Remain Bullish on Qualcomm’s Growth in Apple’s Absence
Investors once believed that Qualcomm Inc.’s fortunes rose and fell with Apple Inc.’s iPhone, which uses a key “modem” chip from Qualcomm to connect to mobile data networks, Reuters reports. However, as Qualcomm prepares for an investor presentation on Nov. 16, analysts said a looming loss of Apple, which is working on its chips to…
Is Qualcomm Headed to $200 by the End of the Year?
Qualcomm Inc is soaring after the company announced better-than-expected financial results. What Happened Qualcomm reported quarterly earnings of $2.55 per share, which beat the estimate of $2.26 per share. The company reported quarterly revenue of $9.34 billion, which beat the estimate of $8.86 billion. Lebenthal’s Take: “It just never deserved to be down at $120-$125…
Qualcomm Announces New $10 Billion Stock Buyback
Qualcomm Inc. on Tuesday announced a new $10 billion stock buyback, effective immediately. The repurchase will add to the company’s stockbuyback program announced in July 2018, which has $900 million of repurchase authority remaining.
Qualcomm to Work With More Than 30 Companies on Faster 5G Variant
Qualcomm Inc on Monday said it expects to work with more than 30 carriers and telecommunications gear providers who have committed to using the faster variant of 5G networking technology. Fifth-generation networks use a combination of technologies. The lower frequency version, called “sub-6” by industry insiders, travels well over long distances but is only somewhat…
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