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.
Modify on 2024-11-21 12:34
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I wonder can AI and crypto be combined together one day?