Qualcomm's Shift From Handsets To AI And Automotive Wins Analysts' Confidence

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Muse noted that Qualcomm’s Automotive segment is a standout performer, with the company projecting over $8 billion in revenue by fiscal 2029 at a 22% compound annual growth rate (CAGR).

However, IoT’s projected jump from $5.4 billion in fiscal 2024 to $14 billion in fiscal 2029 raised skepticism, mainly the PC segment target of $4 billion, which assumes a 10% market share at an average selling price of $175.

The XR/AR revenue projection of $2 billion by fiscal 2029 appears more feasible, given partnerships with significant players like Meta, Alphabet, Google and Samsung.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Trading Ideas Briefs Reiteration Benzinga Price Target META Expert Ideas Analyst Ratings News QCOM GOOGL US38259P5089 Broad U.S. Equity ETFs US7475251036 US0378331005 AI Generated Tech AAPL

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 20:07:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 944 words

Reading Time: 6 minutes read

Sentences: 46 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23724225

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