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-0.00179183546276113 -0.00389529448426312 -0.00514178871922726 -0.0063493300093488 -0.00701153007167346 -0.00155811779370534 -0.00358367092552203 -0.00564817700218143
Stock impact report

Goldman Sachs initiates Qualcomm at Neutral as market diversification meets smartphone losses [Seeking Alpha]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Company Research Source: Seeking Alpha
automotive, PCs, and data centers, but that is still being offset by the loss of key smartphone accounts, prompting Goldman Sachs to initiate coverage with a Neutral rating. Fresh Stock Ideas, Every Day Quick Insights Qualcomm's loss of share at key smartphone customers, notably Apple and Chinese OEMs, is acting as a headwind to its overall fundamentals despite stabilization with Samsung. Qualcomm's moves into automotive solutions and industrial IoT should help mitigate long-term impacts from smartphone losses, with strong growth expected in these segments. Rising memory costs causing smartphone demand destruction, continued share loss to MediaTek in China, and Apple's transition to internal modem solutions are cited as risks to Qualcomm's performance. More Trending News Show less Read more
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