Qualcomm shares tumbled Thursday morning after the mobile chip designer issued a light outlook that overshadowed better-than-expected quarterly results. Monitor these major chart levels.

Qualcomm stock currently trades at a sales multiple of 5.76X. During the first quarter of 2023 to Q1 2024, this metric sat at 3.94X. That’s one possible clue that QCOM still has further to drop.

In my earlier October 6, 2022 update for QUALCOMM, I focused on the company's diversification efforts and the stock's valuations. With this latest article, my attention turns to QCOM's outlook for ...

Qualcomm (NASDAQ:QCOM) stock has surged 53% this year as interest in edge AI grew. With a relatively low price-earnings ratio of 27-times, Qualcomm is positioned to continue to move higher.

But even worse was Qualcomm's management's outlook. The company does not seem to have a very bright future due to the fact the mobile handset market is not going through its best days. The ...

So does the outlook for growth in the IoT (fitness trackers, smart home appliances, industrial equipment, virtual reality headsets, etc.) and automotive markets, which Qualcomm is pushing hard to ...

Qualcomm Inc on Wednesday forecast third-quarter revenue and profit below Wall Street estimates, saying the smartphone industry would take longer to use up excess chips before fresh orders flow in ...

However, Qualcomm's outlook is what will garner some attention. The company projected first quarter revenue of $5.6 billion to $6.1 billion. Wall Street is looking for first quarter revenue of $5. ...

Stifel Nicolaus & Co. analyst Cody Acree said the outlook was overshadowed by Qualcomm’s multiple legal disputes, which have weighed substantially on its expenses. Qualcomm is in negotiations to ...

May 3 (Reuters) - Qualcomm Inc (QCOM.O), opens new tab on Wednesday forecast third-quarter revenue and profit below Wall Street estimates, saying the smartphone industry would take longer to use ...