QCOM - Qualcomm Inc.

Transitioning into AI PCs, automotive, and custom AI silicon; earnings will show if transition is accelerating.

Not interested at all

Major technical support at $155-$156, currently trading around $172, offering a potential 10% downside before high-probability bounce. Gap fill and pivot levels add confluence.

Qualcomm is called a sleeping giant. Token demand projected 40x from 2026 to 2030. EPS of $18 in 2029 implies under 10x forward P/E.

Qualcomm signed a major deal with ByteDance to design AI chips for China, one of the only companies with direct access to China's AI infrastructure. The company is diversifying beyond phones into automotive and edge AI, and is up 30% YTD. The host encourages viewers to pay attention to companies like Qualcomm making strategic AI plays.

The host argues Qualcomm is a 'slept on stock' that Wall Street may revalue from a smartphone company to an AI infrastructure company. The ByteDance partnership proves Qualcomm can compete in custom AI chips for hyperscalers. NVIDIA cannot sell in China due to restrictions, giving Qualcomm access to the world's largest AI market. Qualcomm's automotive division is its fastest-growing business, and upcoming AI chips (AI 2000 in late 2026, AI 250 in 2027) with cooling and rack-scale infrastructure position it for data center entry. The host explicitly says 'we should be paying more attention to it.'

Chip stocks struggling with market selloff. If Qualcomm breaks below $188, look for continued selloff.

Listed among 15 stocks approaching intrinsic value (6-9% return range). Paul will give deeper look if prices fall further in a correction.

Tepper cut Qualcomm in half.

Tepper cut Qualcomm in half, a significant reduction.