Qualcomm Isn't Quitting Data Centers (Yet) [The Motley Fool]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: The Motley Fool
But the chipmaker’s faith in ARM-based server chips might be misplaced. Qualcomm ( NASDAQ:QCOM ) President Cristiano Amon recently denied rumors that the chipmaker would either sell or shutter its fledgling server chip unit. Speaking to Reuters, Amon said: We are not looking at strategic options. We are not selling. We are still focused on it. Amon said that Qualcomm would instead roll its server chip business into its CDMA Technologies unit, which designs and sells mobile chipsets, to cut costs. Amon noted that the restructured unit would focus on selling chips to large cloud computing players, particularly Chinese tech giants like Baidu , Alibaba , and Tencent . Image source: Getty Images. Cutting costs makes sense since server chips aren't a core business for Qualcomm. But it also raises eyebrows, since Qualcomm should probably increase its investments in the server unit if it wants to dent Intel 's ( NASDAQ:INTC ) 99% share of the market. While Q
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QCOM
News
- QUALCOMM Incorporated (NASDAQ: QCOM) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $200.00 price target on the stock.MarketBeat
- Qualcomm: Surging AI Optimism Not Warranted [Seeking Alpha]Seeking Alpha
- Stock Market News for May 3, 2024 [Yahoo! Finance]Yahoo! Finance
- Qualcomm: Strong Execution Continues [Seeking Alpha]Seeking Alpha
- QUALCOMM Incorporated (NASDAQ: QCOM) had its price target raised by analysts at Canaccord Genuity Group Inc. from $180.00 to $206.00. They now have a "buy" rating on the stock.MarketBeat
QCOM
Earnings
- 5/1/24 - Beat
QCOM
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 144
- 5/3/24 - Form 144
- QCOM's page on the SEC website