Qualcomm Shares Plunge 7% as Investors Question Bold Growth Projections Beyond Smartphones

GuruFocus.com11-21 02:44

Qualcomm's (NASDAQ:QCOM) stock tumbled 7% today after the company's Investor Day presentation, where it laid out bold plans to diversify beyond smartphones. CEO Cristiano Amon painted a picture of ...

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CEO Cristiano Amon painted a picture of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/qualcomm-shares-plunge-7-investors-184433448.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014914.USD","symbol_name":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/qualcomm-shares-plunge-7-investors-184433448.html","article_id":"2485213141","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/xTIkzYIhGGViR5R5YLTPTg--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/c1c3cdbd18ae804c07a7e143202bfeff"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485213141","pubTimestamp":1732128273,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Qualcomm's  stock tumbled 7% today after the company's Investor Day presentation, where it laid out bold plans to diversify beyond smartphones. CEO Cristiano Amon painted a picture of Qualcomm tackling a $900 billion market by 2030, driven by growth in automotive, IoT, and other connected tech segments. The company is betting big: it expects $8 billion in automotive revenue and $14 billion from IoT by 2029. But investors didn't seem convinced, with many questioning whether Qualcomm can hit these targets while navigating slowing smartphone sales and its heavy reliance on China, which accounts for nearly half of its revenue.GuruFocus has detected 5 Warning Signs with QCOM.Still, Amon is confident, highlighting Qualcomm's leadership in generative AI, edge computing, and next-gen automotive tech. Some analysts are optimistic, noting that Qualcomm's earnings power remains strong even without Apple. Bernstein analysts pointed out that Qualcomm has proven itself resilient in tough markets bef","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4566":"资本集团","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","AAPL":"苹果","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU1046421795.USD":"富达环球科技A-ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","QCOM":"高通","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","ISBC":"投资者银行","BK4170":"电脑硬件、储存设备及电脑周边","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC"},"translate_title":"投资者质疑智能手机以外的大胆增长预测，高通股价暴跌7%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"QCOM":1,"ISBC":1},"content_text":"Qualcomm's (NASDAQ:QCOM) stock tumbled 7% today after the company's Investor Day presentation, where it laid out bold plans to diversify beyond smartphones. CEO Cristiano Amon painted a picture of Qualcomm tackling a $900 billion market by 2030, driven by growth in automotive, IoT, and other connected tech segments. The company is betting big: it expects $8 billion in automotive revenue and $14 billion from IoT by 2029. But investors didn't seem convinced, with many questioning whether Qualcomm can hit these targets while navigating slowing smartphone sales and its heavy reliance on China, which accounts for nearly half of its revenue.\n\nWarning! GuruFocus has detected 5 Warning Signs with QCOM.\n\nAnalysts are cautious. Deutsche Bank acknowledged the company's diversification strategy but flagged potential trouble from Apple (NASDAQ: AAPL) reducing its use of Qualcomm chips. Barclays wasn't sold on IoT growth projections, describing them as ambitious given recent performance. Qualcomm's plans for PCs and XR headsetssegments it expects to pull in $4 billion and $2 billion, respectively, by 2029are drawing skepticism too. Investors seem focused on whether these new markets can ramp up quickly enough to offset headwinds in the core handset business, where competition is fierce, and geopolitical risks loom large.\nStill, Amon is confident, highlighting Qualcomm's leadership in generative AI, edge computing, and next-gen automotive tech. Some analysts are optimistic, noting that Qualcomm's earnings power remains strong even without Apple. Bernstein analysts pointed out that Qualcomm has proven itself resilient in tough markets before and could deliver if its diversification plans pay off. For now, though, the message from Wall Street is clear: big visions are great, but Qualcomm will need to show concrete progress before investors are ready to climb back on board.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485213141"}