QCOM Qualcomm Incorporated : Bullish and Bearish Analyst Opinions

The author is taking a personal long position in Qualcomm, citing a recent change in their view based on listening to others, though the specific fundamental or technical reasoning is not provided.

Cramer explicitly says "no" to buying Qualcomm and states "Qualcomm, I think, is making a series of missteps." He directly contrasts it unfavorably with ARM. The company's strategic direction is viewed negatively, making it an unattractive investment. The company successfully corrects its perceived missteps.

Downgrading Qualcomm due to perceived worsening fundamental cracks, implying a bearish outlook for the stock.

The author presents a bullish transformation thesis, arguing Qualcomm is shifting from a stagnant phone business to a major growth story in the automotive sector.

Rasgon downgraded Qualcomm from Outperform due to memory price pressures sucking supply towards AI, hurting smartphones, and the persistent "Apple roll-off" headwind where the street's revenue estimates are too high. Memory shortages will significantly pressure smartphone sales, and Qualcomm's revenue cannot grow while losing Apple's business, despite its diversification efforts. The combination of sector-wide headwinds and a company-specific overhang makes the stock unattractive in the near term. A faster-than-expected resolution to memory supply constraints or a surprise new major design win offsetting Apple losses.

Arm's strong long-term guidance sets a positive precedent for Qualcomm's upcoming analyst day.

Avoid or short Qualcomm as a relative value trade against Mediatek, which is capturing high-growth ASIC market share through partnerships with Google.

Qualcomm faces near-term AI challenges but holds long-term potential through its CPU and accelerator business.

Qualcomm is successfully growing its Android handset revenue, though it still faces challenges in fully offsetting the loss of Apple business.

Micron's report signals potential smartphone supply constraints and challenges for semiconductor equipment manufacturers.

The author is actively accumulating a long position in Qualcomm, indicating a belief in its continued upside based on a thesis in the linked article.

"Seaport Research, they downgrade Qualcomm to a sell, arguing a shortage of memory chips will hit Qualcomm's customers the hardest, and the company losing shares even as the overall market gets smaller." Supply chain bottlenecks in memory chips will constrain the production of devices that use Qualcomm's processors. Combined with a shrinking end-market and market share losses, this creates a strong headwind for revenue and earnings. SHORT. Fundamental supply constraints and competitive pressures justify a bearish stance on the stock. Memory chip supply normalizes faster than expected, or Qualcomm wins new major contracts that offset current market share losses.

In order to get 5G beamed down from these new Starlink V2 satellites, Qualcomm actually is making a chip that works direct to cell. So it's rumored to be included in the next iPhone 18 and Samsung Galaxy phones. For consumers to access Starlink's V2 satellite network natively, smartphones require updated internal hardware. Qualcomm is positioned as the primary silicon provider for this direct-to-cell architecture. As global OEMs integrate satellite connectivity into their flagship devices to keep up with the new standard of "zero dead zones," Qualcomm will capture the hardware upgrade supercycle. LONG Qualcomm as a primary hardware derivative play on the satellite-to-cellular revolution. Apple or Samsung could eventually develop their own in-house direct-to-cell modems to bypass Qualcomm; delays in the Starship program could push back the timeline for the V2 network, delaying the hardware upgrade cycle.

"Bank of America reinstating Qualcomm at underperform, pointing to the tepid growth of the smartphone market plus high memory cost." Sluggish end-market demand for smartphones combined with rising input costs (memory) will squeeze Qualcomm's profitability and limit revenue growth. SHORT because of the dual headwinds of weak consumer demand and rising hardware costs. A sudden rebound in global smartphone upgrades (e.g., driven by new AI features) could boost demand unexpectedly.

Qualcomm, Viettel strike deal to make AI smartphones in Vietnam US chipmaker and military-owned telco also plan to make 6G equipment, smart devices

A major customer, Xiaomi, is signaling a clear long-term strategy to vertically integrate and replace Qualcomm's chips with its own, posing a direct threat to a key revenue stream.

Samsung's stated goal of using its in-house Exynos chips across the entire Galaxy lineup represents a major future revenue headwind for Qualcomm.