Qualcomm in Focus as Auto Chips Surge, Handsets Slip and Starlink Deal Emerges
· 2 sources
TIKR.com and Yahoo Finance cover Qualcomm: auto chip growth, a drop in handsets, Alphabet's stake and a Starlink deal as another growth driver.
What happened
TIKR.com and Yahoo Finance published separate pieces on Qualcomm (QCOM) that look at how its business mix is shifting. One focuses on its car chips and handset segment, the other on a deal with Starlink.
According to TIKR.com, Qualcomm's car chip business grew 89%, while handsets fell 26%. The outlet also notes that a $548 million stake held by Alphabet lifted Qualcomm 5.5%, and that the handset decline keeps pressure on the company's data center pivot. TIKR.com raises the question of whether a multiple of 16.7x earnings is too low.
Yahoo Finance, for its part, describes the Starlink deal as another growth engine for Qualcomm stock.
Context
Qualcomm is best known for chips used in smartphones, and it has been working to expand into other areas such as vehicles and data centers.
Why it matters
The coverage shows how the balance between Qualcomm's older handset business and newer growth areas is being weighed by market commentators.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$165.41+5.52% vs. previous close ($156.75) · November 6
Fair value (ATLAS)
$219.67Fair range: $94.41 to $291.09The price ($165.41) is 24.7% below that figure.
Chance of a rise in 1 month
47%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $146.50 and $182.62; 9 in 10, between $120.50 and $222.02.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
ATLAS Signals
ATLAS Signals, every week
The week in the market, three stocks on ATLAS’s radar and what comes next. Get it every Monday.
By subscribing you agree to receive ATLAS Signals by email every Monday. You can unsubscribe with one click at any time. Privacy