• Earlier this month, QUALCOMM unveiled its new Snapdragon X2 Elite and X2 Elite Extreme processors during its annual Snapdragon Summit, highlighting advanced AI capabilities, improved battery life, and performance advancements for Windows PCs and upcoming devices.

• An especially significant aspect is QUALCOMM’s push to expand beyond mobile into the broader AI and connected device ecosystem, positioning the company to influence growth areas such as automotive, industrial IoT, and next-generation computing.

• We’ll assess how QUALCOMM’s latest AI-powered chip launches could alter its diversification outlook within the current investment narrative.

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To own QUALCOMM, you need confidence in the company’s ability to expand beyond smartphones by monetizing advanced AI chips and diversifying into automotive, IoT, and PC markets. The recent Snapdragon X2 Elite launch demonstrates technical progress in PC and AI, which may support the company’s biggest immediate catalyst, winning adoption and design wins across new segments. However, rising competition and the lingering risk of major OEMs shifting to their own chips remain persistent challenges, and this particular news does not materially change those short-term risks or catalysts.

The announcement of the Snapdragon X2 Elite and X2 Elite Extreme processors stands out, especially with their focus on improved AI capability and efficiency for Windows PCs. This launch is timely given investor attention on QUALCOMM’s push to grow in computing and AI-driven markets, but it unfolds against concerns about margin pressure and tough competition in the PC chip space.

By contrast, investors should be aware of the growing challenge from device manufacturers developing in-house chips that…

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QUALCOMM’s outlook anticipates $46.9 billion in revenue and $12.2 billion in earnings by 2028. This projection relies on a 2.7% annual revenue growth rate and a $0.6 billion increase in earnings from the current $11.6 billion.

Uncover how QUALCOMM’s forecasts yield a $177.71 fair value, a 5% upside to its current price.

Simply Wall St Community members have set fair value estimates for QUALCOMM anywhere from US$140 to US$300, across 38 individual perspectives. With competition from device makers intensifying, these differing viewpoints underscore the importance of considering multiple scenarios for QUALCOMM’s long-term growth.