kibkibkib
11-21
$Qualcomm(QCOM)$ Deciphering the hysterical overdumping of Qualcomm plans:


Qualcomm recently announce its plan to diversify beyond smartphone chips into the PC chips markets. This NOT-LOFTY-ENOUGH plan however did not impress investors with alot of speculation that the company might be facing a downturn. As the PC market is already very packed with some manufacturers experiencing slower growth and sales figures, investors do not like the plans at all.

Moreover, they are also misinterpreting that Qualcomm is facing challenges with Apple and a potential drop in sales is coming so that's why Qualcomm has to diversify urgently. At this point all of these are speculative without any solid foundation, given that Qualcomm just had a solid quarterly earning call.

The NOT-LOFTY-ENOUGH movement is happening in the market with investors heavily cashing in on crypto as it reaches overbought levels. While many questions the applications of AI, at this point none seems to care or be reminded of FTX or that the real world applications of crypto is still yet to be seen.

We expect an implosion in crypto coming soon due to overbought too fast situation especially when the development of crypto is not immediate, and project that the NOT-LOFTY-ENOUGH movement will shify back to TOO-LOFTY movement.

Modified in.11-21
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Comments

  • BTC_Sandy
    11-21
    BTC_Sandy

    I wonder can AI and crypto be combined together one day?

    • kibkibkib: 
      And don’t get me wrong, I also hold crypto since the start. But when people are not buying luxury goods, we don’t expect people to start buying NFTs that soon again. BTC is only a hedge against a weakening USD at this point.
    • kibkibkib: 
      The only reason why people are moving to BTC is the same reason why they are also moving to gold, as they see USD as less valuable and currently the only growth prospect of BTC comes from cash piling up and up and up. The real-life applications of crypto are very far away.
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