QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and related products to the United States government agencies and their contractors. The company was incorporated in 1985 and is headquartered in San Diego, California.

QUALCOMM демонстрирует смешанную картину по фундаментальным метрикам. С одной стороны, P/E и Price/Book находятся выше медианы отрасли, что может указывать на переоцененность акций. Однако, P/S и P/FCF ниже медианы, что может свидетельствовать о недооценке в этих аспектах. ROE, ROA и другие маржи значительно выше медианы, что говорит о высокой эффективности компании. Тем не менее, уровень долговой нагрузки (Debt/Equity) и отсутствие чистой прибыли в TTM создают потенциальные риски для инвесторов. Дивиденды также отсутствуют, что может снизить привлекательность для инвесторов, ориентированных на доходность. Ключевыми положительными моментами остаются высокие показатели EPS и прогнозы роста, а также высокий уровень ликвидности. В целом, несмотря на сильные финансовые показатели, высокая оценка по многим мультипликаторам и отсутствие прибыли могут ограничить потенциал роста акций в ближайшем будущем.

QUALCOMM Incorporated

Key Points
Taiwan Semiconductor is the main chip manufacturer for Nvidia, Apple, AMD, and others.
It controls 72% of the global pure-foundry chip industry.
The company has been growing fast and is projecting further rapid growth through 2029.
Microsoft CEO Satya Nadella said last year that as much as 30% of Microsoft's code was being written by artificial intelligence (AI). I can only imagine that number is higher now.
Humans are still definitely needed to maintain quality, a fact proved by Microsoft appointing Charlie Bell, former head of the company's security business, to now focus exclusively on maintaining the quality of the company's products. He reports directly to Nadella.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Microsoft clearly doesn't plan on cutting the amount of its code written by AI. Nadella himself said it was steadily increasing, and CTO Kevin Scott predicted that by 2030, 95% of the company's code might be written by AI.
With that in mind, what is the best way to play AI becoming a permanent part of the IT industry? By my math, one of the best single-ticker ways to play it is Taiwan Semiconductor Manufacturing (NYSE: TSM).
Small island, big footprint
Taiwan is where a full 60% of all the world's semiconductor chips are produced.
But the country's footprint is even bigger than that implies because 90% of the world's advanced semiconductor chips, those 7 nanometers (nm) or smaller, are produced in Taiwan.
And those are the chips you need to run the high-end AI programs Microsoft and others are using to write their code.
Microsoft uses a lot of Nvidia hardware to run its AI. So does pretty much everyone else. IOT Analytics reports that Nvidia controls 92% of the data center GPU market. Its nearest competitor is Advanced Micro Devices at 4%.
But those Nvidia graphics processor units (GPUs) are manufactured by Taiwan Semiconductor. So are its competitor AMD's, along with Apple, Broadcom, Qualcomm and others, either in whole or in part.
In fact, Nvidia's top-of-the-line Blackwell chip is produced at a Taiwan Semiconductor factory in Arizona.
Creating an even bigger footprint
The semiconductor chip market, and by extension the AI data center hardware market, simply does not exist without Taiwan Semiconductor, which doesn't design any of the chips it produces.
Taiwan Semiconductor is a "pure foundry" company. All it does is produce chips on contract. But it's utterly dominant in the space, with 72% market share as of Q3 2025. Samsung is in second place with 7%.
You've heard of pick-and-shovel plays, I'm sure. But Taiwan Semiconductor is the pick-and-shovel play for the AI industry and the tech industry more broadly.
And the company is expanding its footprint beyond Taiwan to build up its global dominance. The semiconductor factory in Arizona I mentioned is being expanded by Taiwan Semiconductor to produce more chips in the U.S., and ultimately the company plans to have six factories and two advanced packaging facilities in the state.Taiwan Semiconductor also has plans drawn up to expand its manufacturing footprint in Japan and Germany.
And all that expansion is not coming at the cost of the company's bottom line, which remains incredibly healthy.
Trillion-dollar baby
Right now, Taiwan Semiconductor is one of only two non-American companies with a market cap of $1 trillion or more. Its latest results reflect its size and influence well.
2025 saw the company's revenue top $122.4 billion, an increase of 35.9% over 2024. Its diluted earnings per share (EPS) grew 46.4%. Taiwan Semiconductor also maintains stellar profitability with a 45% net profit margin.
The company is also projecting 30% revenue growth for 2026 and a revenue compound annual growth rate (CAGR) of 25% through 2029.
Finally, Taiwan Semiconductor is trading at a price-to-earnings-to growth (PEG) ratio of 1.2 right now, which means it's very close to fair value relative to future earnings projections.
Put all that together, and you have a solid long-term buy-and-hold prospect from the one-ticker pick-and-shovel play of the entire global tech industry.
And if Microsoft wants to generate 95% of its code with AI by 2030, it's going to need a lot more hardware, which Taiwan Semiconductor will gladly produce, and in all likelihood continue its growth streak moving forward.
Should you buy stock in Taiwan Semiconductor Manufacturing right now?
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James Hires has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Microsoft, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing and is short shares of Apple. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Satya Nadella Says "All Software Is Being Rewritten." Here's 1 of the Best Artificial Intelligence (AI) Stocks to Own for 2026.

The S&P 500 Index ($SPX) (SPY) today is up +0.08%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.14%.
After initially opening higher, stocks are now mixed. WTI crude oil has rebounded off earlier lows and is up +0.33%. Oil and the Strait of Hormuz are in focus.
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The US granted a temporary waiver allowing buyers to take Russian oil cargoes already at sea. The US Treasury granted a month-long waiver to import Russian oil loaded before Thursday, covering Russian crude oil and fuel on about 30 tankers carrying at least 19 million barrels. The Financial Times reported that France and Italy have opened talks with Iran to try to negotiate a deal to guarantee the safe passage of their ships through the Strait of Hormuz. US officials said Iran has begun laying mines in the Strait of Hormuz, an effort that could further complicate US efforts to restart shipping in the waterway. Despite the US destroying most large ships in the Iranian navy used to lay mines, Iran began using smaller boats for the operation on Thursday, according to a US official briefed on the intelligence. Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel, should crude flows via the Strait of Hormuz remain depressed through March.
The latest rhetoric from President Trump and Iranian leader Khamenei suggests there will be no immediate easing in the war that has disrupted energy shipments in the Middle East and spurred concerns about rising inflation. Global bond yields have soared this week on inflation fears, with the German 10-year bund yield rising to a 2.25-year high of 2.99% today and the 10-year T--note yield climbing to a 5-week high at 4.28%.
Crude oil prices remain elevated despite attempts to boost global supplies. The IEA on Wednesday released 400 million barrels from emergency oil stockpiles and said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month. The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.
Today’s US economic news is mixed for stocks. Jan personal spending rose more than expected, but Jan capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, were weaker than expected. Also, Q4 GDP was revised lower, and the Jan core PCE price index, the Fed's preferred inflation gauge, rose by the most in 1.75 years.
US Jan personal spending rose +0.4% m/m, stronger than expectations of +0.3% m/m. Jan personal income rose +0.4% m/m, weaker than expectations of +0.5% m/m.
The US Jan core PCE price index, the Fed's preferred inflation gauge, rose +3.1% y/y, right on expectations and the highest in 1.75 years.
US Jan capital goods new orders nondefense ex-aircraft and parts were unchanged m/m, weaker than expectations of +0.5% m/m.
US Q4 GDP was revised downward to +0.7% (q/q annualized) from the previously reported +1.4% as Q4 personal consumption was revised lower to +2.0% from the previously reported +2.4%.
Q4 earnings season is nearly over, with more than 98% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 74% of the 495 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 0% chance for a -25 bp FOMC rate cut at the next policy meeting on March 17-18.
Overseas stock markets are mixed. The Euro Stoxx 50 is up +0.33%. China's Shanghai Composite closed down -0.82%. Japan's Nikkei Stock 225 closed down -1.16%.
Interest Rates
June 10-year T-notes (ZNM6) today are up by +7 ticks. The 10-year T-note yield is down -1.6 bp to 4.245%. June T-notes are moving higher today, and the 10-year T-note yield fell from a 5-week high of 4.279%. Today’s 2% decline in WTI crude oil prices has lowered inflation expectations and is bullish for T-notes. Also, today’s US economic news, which showed Q4 GDP revised lower and Jan capital goods new orders climbing less than expected, was supportive of T-notes.
European government bond yields moved higher on Thursday. The 10-year German bund yield fell from a 2.25-year high of 2.992% and is down -1.0 bp to 2.947%. The 10-year UK gilt yield fell from a 6.25-month high of 4.812% and is down -1.2 bp to 4.761%.
UK Jan GDP was unchanged m/m, weaker than expectations of +0.2% m/m.
UK Jan manufacturing production rose +0.1% m/m, weaker than expectations of +0.2% m/m.
Swaps are discounting a 3% chance of a -25 bp ECB rate hike at its next policy meeting on March 19.
US Stock Movers
Chip stocks and AI-infrastructure companies are moving higher today, a supportive factor for the broader market. Western Digital (WDC) is up more than +4%, and Micron Technology (MU) is up more than +3%. Also, Intel (INTC), Seagate Technology Holdings Plc (STX), Lam Research (LRCX), and Applied Materials (AMAT) are up more than +2%. In addition, ARM Holdings Plc (ARM), Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), Qualcomm (QCOM), and Texas Instruments (TXN) are up more than +1%.
Cryptocurrency-exposed stocks are climbing today, with Bitcoin (^BTCUSD) up more than +3% at a 1-week high. Galaxy Digital Holdings (GLXY) is up more than +6%, and MARA Holdings (MARA) and Riot Platforms (RIOT) are up more than +5%. Also, Strategy (MSTR) is up more than +4%, and Coinbase Global (COIN) is up more than +3%.
Fertilizer stocks are retreating today, giving back some of this week’s sharp gains. Intrepid Potash (IPI) is down more than -7%, CF Industries Holdings (CF) is down more than -5%, and Mosaic (MOS) is down more than -3%.
Klarna Group Plc (KLAR) is up more than +9% after an SEC filing showed Chairman Morits purchased 3.47 million shares through an associated entity between March 3 and March 11.
Circle Internet Group (CRCL) is up more than +4% after Mizuho Securities raised its price target on the stock to $120 from $100.
Karman Holdings (KRMN) is up more than +3% after Needham & Co issued a buy recommendation on the stock with a price target of $125.
Knight-Swift Transportation Holdings (KNX) is up more than +2% after Citigroup upgraded the stock to buy from neutral with a price target of $64.
Celanese (CE) is up more than +1% after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $70.
Air Products and Chemicals (APD) is up more than +1% after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $325.
EverCommerce (EVCM) is down more than -18% after forecasting Q1 revenue of $145.5 million to $148.5 million, well below the consensus of $151 million.
Ulta Beauty (ULTA) is down more than -9% to lead losers in the S&P 500 after it forecast full-year comparable sales will increase 2.5% to 3.5%, below the consensus of 3.5%.
Adobe (ADBE) is down more than -4% to lead losers in the Nasdaq 100 after CEO Narayen said he will resign and remain in his post until a successor has been appointed.
Meta Platforms (META) is down more than -2% after the New York Times reported that the company’s latest AI model has underperformed expectations and will be delayed.
ServiceTitan (TTAN) is down more than -2% after reporting a Q4 EPS loss of -44 cents, wider than the consensus of -41 cents.
Earnings Reports(3/13/2026)
4D Molecular Therapeutics Inc (FDMT), Actuate Therapeutics Inc (ACTU), AirSculpt Technologies Inc (AIRS), AlTi Global Inc (ALTI), American Vanguard Corp (AVD), Avidity Biosciences Inc (RNAM), Better Home & Finance Holding (BETR), Bit Digital Inc (BTBT), Blue Foundry Bancorp (BLFY), Buckle Inc/The (BKE), CapsoVision Inc (CV), Citizens Inc/TX (CIA), Emerald Holding Inc (EEX), Eve Holding Inc (EVEX), GoHealth Inc (GOCO), Gossamer Bio Inc (GOSS), John Marshall Bancorp Inc (JMSB), LENSAR Inc (LNSR), MeiraGTx Holdings plc (MGTX), NET Lease Office Properties (NLOP), Perma-Fix Environmental Services (PESI), Value Line Inc (VALU), Waldencast plc (WALD).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Retreat From Initial Highs as Oil Prices Rebound

In the latest close session, Qualcomm (QCOM) was down 2.21% at $131.15. This move lagged the S&P 500's daily loss of 1.52%. Elsewhere, the Dow lost 1.56%, while the tech-heavy Nasdaq lost 1.78%.
Prior to today's trading, shares of the chipmaker had lost 4.91% lagged the Computer and Technology sector's loss of 1.66% and the S&P 500's loss of 2.25%.
The investment community will be closely monitoring the performance of Qualcomm in its forthcoming earnings report. The company is expected to report EPS of $2.57, down 9.82% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $10.58 billion, showing a 2.39% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.17 per share and revenue of $43.88 billion. These totals would mark changes of -7.15% and -0.59%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Qualcomm. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.89% downward. Qualcomm currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Qualcomm is presently being traded at a Forward P/E ratio of 12.01. Its industry sports an average Forward P/E of 36.65, so one might conclude that Qualcomm is trading at a discount comparatively.
Meanwhile, QCOM's PEG ratio is currently 5.11. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Electronics - Semiconductors industry stood at 2.06 at the close of the market yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 77, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names #1 Semiconductor Stock
This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.
See This Stock Now for Free >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's Why Qualcomm (QCOM) Fell More Than Broader Market

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Medifast Inc (Symbol: MED), where a total of 1,812 contracts have traded so far, representing approximately 181,200 underlying shares. That amounts to about 68.5% of MED's average daily trading volume over the past month of 264,450 shares. Especially high volume was seen for the $10 strike call option expiring March 20, 2026, with 800 contracts trading so far today, representing approximately 80,000 underlying shares of MED. Below is a chart showing MED's trailing twelve month trading history, with the $10 strike highlighted in orange:
GE Aerospace (Symbol: GE) options are showing a volume of 33,642 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 67.6% of GE's average daily trading volume over the past month, of 5.0 million shares. Especially high volume was seen for the $320 strike call option expiring March 20, 2026, with 3,075 contracts trading so far today, representing approximately 307,500 underlying shares of GE. Below is a chart showing GE's trailing twelve month trading history, with the $320 strike highlighted in orange:
And Qualcomm Inc (Symbol: QCOM) saw options trading volume of 59,258 contracts, representing approximately 5.9 million underlying shares or approximately 59.5% of QCOM's average daily trading volume over the past month, of 10.0 million shares. Especially high volume was seen for the $160 strike put option expiring March 20, 2026, with 7,551 contracts trading so far today, representing approximately 755,100 underlying shares of QCOM. Below is a chart showing QCOM's trailing twelve month trading history, with the $160 strike highlighted in orange:
For the various different available expirations for MED options, GE options, or QCOM options, visit StockOptionsChannel.com.
Also see:
Best Closed End Funds
LSI Options Chain
CTRV YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Thursday Option Activity: MED, GE, QCOM

Qualcomm Technologies, Inc. QCOM recently announced that it has entered into a strategic collaboration with NEURA Robotics. NEURA is driving leading-edge innovation in the field of robotics. The company aims to bring a general-purpose humanoid robot to market with human-like cognitive capabilities.
In this venture, NEURA will gain access to Qualcomm’s robotics processors, including the Dragonwing IQ10 Series, physical AI acceleration and software stack, and connectivity platforms. This will be integrated with NEURA’s full-stack robotics systems and embodied AI to facilitate the development of safe, scalable robots for various industrial use cases.
Physical AI refers to systems that interact with the real world, such as robots and autonomous vehicles. Robotics is becoming a major AI hardware market with potential applications in warehouses, manufacturing, logistics, agriculture, healthcare and other sectors. QCOM's growing prowess in the robotics and physical AI domain will likely bring long term benefits. However, prior to commercial deployment, Qualcomm and NEURA have to address issues associated with safety, scalability and cost.
A key component is the Neuraverse shared robot intelligent network, a cloud platform for robotic learning and management. Once a robot learns and understands something, that knowledge can be shared across the fleet. Moreover, the partnership also aims to create an open global developer ecosystem and marketplace, fostering third-party innovation and development of physical AI and robotics applications. Qualcomm stands to gain from this partnership by extending its AI chip business into robotics and strengthening the company’s edge AI ecosystem.
How Are Competitors Faring?
Qualcomm faces competition from NVIDIA Corporation NVDA and Advanced Micro Devices AMD in this domain. NVIDIA holds a dominant position in this market, backed by its leading-edge robotics AI compute platforms, Jetson Orin, Jetson Xavier and Isaac robotics platform. NVIDIA chips combine GPU AI acceleration, computer vision and robotics simulation.
AMD is also expanding its Ryzen AI Embedded Processor Portfolio to deliver scalable, efficient AI compute for Industrial and AI Edge Solutions. Its new processors feature up to 2x higher CPU core counts, up to 8x higher GPU compute. AMD’s chips effectively support advanced use cases, such as intelligent machine vision for Industrial PCs, physical AI for autonomous operations and 3D health imaging.
QCOM’s Price Performance, Valuation and Estimates
Qualcomm shares have lost 11.7% over the past year against the industry’s growth of 70.4%.
Image Source: Zacks Investment Research
Going by the price/earnings ratio, the company's shares currently trade at 3.26 forward earnings, lower than 7.71 for the industry.
Image Source: Zacks Investment Research
Earnings estimates for fiscal 2026 have declined 7.5% to $11.18 over the past 60 days, while those for fiscal 2027 have also decreased 8% to $11.5.
Image Source: Zacks Investment Research
Qualcomm stock currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

QCOM Chips to Power AI Robotics Capabilities: Will it Boost Prospects?

In early trading on Tuesday, shares of Vertex Pharmaceuticals, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.8%. Year to date, Vertex Pharmaceuticals, registers a 9.5% gain.
And the worst performing Nasdaq 100 component thus far on the day is Atlassian, trading down 4.8%. Atlassian is lower by about 51.8% looking at the year to date performance.
Two other components making moves today are Qualcomm, trading down 3.6%, and Western Digital, trading up 5.6% on the day.
VIDEO: Nasdaq 100 Movers: TEAM, VRTX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nasdaq 100 Movers: TEAM, VRTX

NVIDIA Corporation NVDA shares have soared 67.3% over the past year, outperforming the broader Zacks Semiconductor – General industry’s rise of 59.2%. NVDA has even outpaced major semiconductor companies, including QUALCOMM QCOM, STMicroelectronics STM and Texas Instruments TXN. Shares of STMicroelectronics and Texas Instruments have gained 34.5% and 10.4% in the trailing 12 months, while shares of QUALCOMM have declined 9.8%.
NVIDIA One-Year Price Return Performance
Image Source: Zacks Investment Research
NVIDIA has been a key beneficiary of the artificial intelligence (AI) boom, which has driven strong demand for its graphics processing units (GPUs) and computing solutions. As the demand for hardware supporting AI and high-performance computing is likely to remain strong, NVDA is well-positioned to benefit. This makes the stock a better investment option right now.
Data Center Business: Key Growth Catalyst for NVIDIA
NVIDIA’s most powerful growth engine continues to be its Data Center business. In the fourth quarter of fiscal 2026, the segment generated $62.31 billion in revenues, representing 91.5% of total sales. This marked a staggering 75% year-over-year increase and 22% sequential growth.
The robust performance was mainly driven by higher shipments of the Blackwell GPU computing platforms that are used for the training and inference of large language models, recommendation engines and generative AI applications.
The demand for NVIDIA’s Blackwell GPU computing platforms has been a key catalyst as cloud providers and enterprises scale their AI infrastructure. Large cloud service providers contributed to the majority of Data Center revenues, indicating continued hyperscale investment in AI-driven computing.
With AI adoption accelerating across industries, NVIDIA's stronghold in data centers makes it a critical beneficiary of this trend. The company’s leadership in AI chip development positions it well for sustained revenue growth in this segment.
NVIDIA’s Strong Financial Performance
Despite ongoing macroeconomic challenges, geopolitical issues, and trade and tariff wars, NVIDIA’s financials remain rock solid. In the fourth quarter of fiscal 2026, revenues jumped 73% from the year-ago quarter, while non-GAAP earnings per share rose 82%.
NVIDIA’s outlook for the first quarter of fiscal 2027 remains upbeat. The company expects first-quarter revenues to increase 77% year over year to $78 billion, reflecting continued momentum in AI-driven demand. The non-GAAP gross margin is expected to be strong at 75%, indicating a 370-basis-point improvement from the year-ago quarter’s 71.3% (excluding H20 charge).
The Zacks Consensus Estimate for fiscal 2027 and 2028 suggests continued growth momentum for the company’s top and bottom lines.
Image Source: Zacks Investment Research
NVIDIA’s cash flow generation also remains robust. It generated a free cash flow of $36.19 billion in the fiscal fourth quarter and $102.72 billion in fiscal 2026. The company ended the fiscal fourth quarter with $62.6 billion in cash, cash equivalents and marketable securities, up from $60.6 billion in the previous quarter.
This strong liquidity position enables NVIDIA to reinvest in research and development, expand manufacturing capabilities and return capital to shareholders. In the fiscal fourth quarter, the company returned $243 million to its shareholders through dividend payouts and repurchased stocks worth $3.82 billion. In fiscal 2026, NVIDIA paid out $974 million in dividends and bought back shares worth $40.09 billion.
Favorable Valuation Justifies Buying NVIDIA Stock
Despite the rally, NVIDIA stock trades at a reasonable valuation multiple. It trades at a forward 12-month price-to-earnings (P/E) of 22.73X compared with the industry average of 24.5X.
NVIDIA Forward 12-Month P/E Ratio
Image Source: Zacks Investment Research
Compared to other semiconductor peers, NVIDIA has a higher P/E multiple than QUALCOMM but a lower multiple than STMicroelectronics and Texas Instruments. Currently, QUALCOMM, STMicroelectronics and Texas Instruments trade at P/E of 11.99X, 26.08X and 29.22X, respectively.
Conclusion: Buy NVDA Stock for Now
NVIDIA’s strong fundamentals, dominant position in AI and impressive growth outlook make a compelling case for staying invested. The company’s reasonable valuations support buying the stock.
Currently, NVIDIA carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

NVIDIA Soars 70% in a Year: Is There More Room for the Stock to Grow?

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares US Technology ETF (Symbol: IYW) where we have detected an approximate $282.5 million dollar outflow -- that's a 1.5% decrease week over week (from 102,300,000 to 100,800,000). Among the largest underlying components of IYW, in trading today Salesforce Inc (Symbol: CRM) is off about 2.2%, Amphenol Corp. (Symbol: APH) is down about 1.2%, and Qualcomm Inc (Symbol: QCOM) is lower by about 1.4%. For a complete list of holdings, visit the IYW Holdings page » The chart below shows the one year price performance of IYW, versus its 200 day moving average:
Looking at the chart above, IYW's low point in its 52 week range is $117.55 per share, with $211.98 as the 52 week high point — that compares with a last trade of $186.85. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

IYW, CRM, APH, QCOM: Large Outflows Detected at ETF

A month has gone by since the last earnings report for Qualcomm (QCOM). Shares have added about 0.5% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Qualcomm due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for QUALCOMM Incorporated before we dive into how investors and analysts have reacted as of late.
Qualcomm Surpasses Q1 Earnings Estimates on Record Revenues
Qualcomm reported strong first-quarter fiscal 2026 results, with record revenues driven by healthy demand trends in IoT and automotive businesses. Adjusted earnings exceeded the Zacks Consensus Estimate, led by the strength of its business model, diversification initiatives and its ability to respond proactively to the evolving market scenario. However, revenues missed the consensus estimate despite increasing year over year.
Net Income
On a GAAP basis, net income in the December quarter was $3 billion or $2.78 per share compared with $3.18 billion or $2.83 per share in the prior-year quarter. Despite healthy revenue growth, the bottom line declined primarily due to higher operating costs.
Non-GAAP net income for the reported quarter came in at $3.78 billion or $3.50 per share compared with $3.83 billion or $3.41 per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 11 cents.
Revenues
Total revenues in the fiscal first quarter were $12.25 billion, up from $11.67 billion in the year-ago quarter. The top line, however, missed the consensus mark of $12.28 billion. Qualcomm registered record automotive and handset revenues owing to solid momentum in the Snapdragon Digital Chassis platform and launches of flagship smartphones. Strength within the industrial Internet of Things (IoT) businesses also buoyed the top line.
Segment Results
Quarterly revenues from Qualcomm CDMA Technologies (QCT) were $10.61 billion, up from $10.08 billion a year ago, as strength in the automotive platform, higher demand in handsets and Snapdragon chipset within the IoT business aided top-line growth. The company witnessed solid market traction in the EDGE networking business that helps transform connectivity in cars, business enterprises, homes, smart factories, next-generation PCs, wearables and tablets.
Automotive revenues rose 15% to a record high of $1.1 billion, driven by increased content in new vehicle launches with its Snapdragon Digital Chassis platform, with automakers deploying high-performance, low-power computing and connectivity chips to bring next-generation experience to consumers. Handset revenues jumped 3% to $7.82 billion, led by healthy traction in premium Android handsets enabled by broad OEM adoption for dual flagship products and transition toward AI-native smartphones. IoT revenues were up 9% to $1.69 billion on solid demand across consumer and networking products. EBT margin for the QCT segment declined marginally to 31% from 32%.
Qualcomm Technology Licensing (QTL) revenues totaled $1.59 billion, up 4% year over year, with EBT margin increasing to 77% from 75%.
Cash Flow & Liquidity
Qualcomm generated $4.96 billion of net cash from operating activities in the reported quarter compared with $4.59 billion a year ago. As of Dec. 28, 2025, the company had $7.2 billion in cash and cash equivalents with $14.82 billion of long-term debt. The company repurchased 15 million shares during the quarter for $2.6 billion.
Guidance
For the second quarter of fiscal 2026, Qualcomm expects GAAP revenues of $10.2-$11 billion due to reduced chip orders and near-term uncertainty in memory supply and pricing for handset OEMs. Non-GAAP earnings are projected to be $2.45-$2.65 per share, while GAAP earnings are likely to be $1.69-$1.89 per share. Revenues from QTL are expected to be between $1.2 billion and $1.4 billion. For QCT, the company anticipates revenues between $8.8 billion and $9.4 billion, with constrained handset revenues of about $6 billion, solid automotive revenues (up nearly 35% year over year) and healthy IoT revenues (up low teens percentage).
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -18.99% due to these changes.
VGM Scores
At this time, Qualcomm has a strong Growth Score of A, a score with the same score on the momentum front. However, the stock has a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Qualcomm has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry Player
Qualcomm is part of the Zacks Electronics - Semiconductors industry. Over the past month, Lam Research (LRCX), a stock from the same industry, has gained 0.6%. The company reported its results for the quarter ended December 2025 more than a month ago.
Lam Research reported revenues of $5.34 billion in the last reported quarter, representing a year-over-year change of +22.1%. EPS of $1.27 for the same period compares with $0.91 a year ago.
Lam Research is expected to post earnings of $1.33 per share for the current quarter, representing a year-over-year change of +27.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #1 (Strong Buy) for Lam Research. Also, the stock has a VGM Score of F.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Is Qualcomm (QCOM) Up 0.5% Since Last Earnings Report?

Earnings estimates for Qualcomm Incorporated QCOM for fiscal 2026 and fiscal 2027 have declined 7.3% and 8.4%, respectively, to $11.20 and $11.45 per share over the past 60 days. The negative estimate revision depicts bearish sentiments about the stock’s growth potential.
Image Source: Zacks Investment Research
What Ails QCOM?
The continued U.S.-China trade spat has dented Qualcomm’s growth potential. The chip-making firm has a significant presence in more than 12 cities in China, aiming to drive advancements in semiconductors and mobile telecommunications for the larger benefit. The company has been a key supplier of chips and other related components to local smartphone manufacturers like Xiaomi, Huawei and its spin-off brand Honor. However, it appears that Qualcomm is increasingly finding it difficult to maintain its operations in China.
The U.S. Commerce Department has long imposed various trade restrictions on China, including bans on the sale of high-tech equipment, chips, components and related technologies used to develop high-end smartphones and AI-enabled chips. As Washington tightens trade restrictions, Beijing has intensified its push for self-sufficiency in critical industries. This shift poses a dual challenge for QCOM, as it faces potential market restrictions and increased competition from domestic chipmakers. In addition, weaker spending across consumer and enterprise markets, especially in China, led to higher customer inventory levels.
Demand Softness Hurts QCOM
Qualcomm is expected to face softness in demand in the near term. For the second quarter of fiscal 2026, Qualcomm expects GAAP revenues of $10.2-$11 billion with constrained handset revenues of about $6 billion, due to reduced chip orders and near-term uncertainty in memory supply and pricing for handset OEMs. In addition, OEMs based in the communist nation are largely pulling back on new 4G device orders and managing their inventory in advance for the transition to 5G. Consequently, Qualcomm expects a significant impact on device shipments as sell-in and sell-through growth rates realign and channel inventory levels are drawn down.
QCOM Margins Eroded by High R&D Costs
To add to the woes, Qualcomm's margins have declined over the years due to high operating expenses and R&D (research & development) costs. The company expects softness in the handset market and a weaker overall mix of devices to continue in the near future. The shift in the share among original equipment manufacturers at the premium tier has reduced the near-term opportunity to sell integrated chipsets from the Snapdragon platform.
In addition, Qualcomm faces stiff competitive pressures from rivals Broadcom and Hewlett Packard. Aggressive competition from low-cost chip manufacturers and established players in the mobile phone chipset market is also likely to hurt Qualcomm's profits. Although the global smartphone market is expected to maintain its momentum over the next three to four years, a major portion of this growth is likely to come from the low-cost emerging markets, which may weigh on Qualcomm's margins.
Image Source: Zacks Investment Research
Price Performance
Qualcomm’s shares have declined 15% over the past year against the industry’s growth of 57.1%. It has lagged peers like Hewlett Packard Enterprise Company HPE and Broadcom Inc. AVGO. While Hewlett Packard has jumped 35.8%, Broadcom surged 69.7% over this period.
One-Year QCOM Stock Price Performance
Image Source: Zacks Investment Research
QCOM Bets Big on Snapdragon & Automotive Business
Qualcomm envisions solid growth opportunities within the mobile space, driven by the strength of its Snapdragon portfolio. Leveraging processors with multi-core CPUs with cutting-edge features, amazing graphics and worldwide network connectivity, Qualcomm Snapdragon mobile platforms are fast with superb power efficiency, brilliant camera capabilities and state-of-the-art security solutions. The company is also foraying deeper into the realm of AI capabilities within the laptop and desktop business with the launch of the Snapdragon X chip for mid-range AI desktops and laptops.
Qualcomm is gaining traction in the vehicle-to-everything (V2X) communication systems market with the buyout of Autotalks. With seamless access to Autotalks’ comprehensive V2X expertise, it has been able to offer an extensive suite of automotive-qualified global V2X solutions for installation in vehicles, as well as two-wheelers and roadside infrastructure.
End Note
Qualcomm is likely to benefit from robust automotive and Snapdragon traction. A strong emphasis on quality, diligent execution of operational plans and continuous portfolio enhancements are driving more value for customers.
However, with declining earnings estimates, the stock is witnessing negative investor sentiment. Moreover, stiff competition and softness in key end markets are likely to put pressure on the bottom-line growth. High R&D costs erode its profitability to a large extent. Qualcomm is facing a tough operating environment in China amid escalating tariffs, raising questions about its long-term viability plans in the communist country. It also faces reduced chip orders and near-term uncertainty in memory supply. Consequently, it might be prudent to avoid the stock at the moment.
Qualcomm carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

QUALCOMM Incorporated

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