NVDA - Did Qualcomm Just Pull a Fast One on Nvidia and Intel's Mobileye?
2024-02-10 07:25:00 ET
Qualcomm 's (NASDAQ: QCOM) recent financials offer further proof that the smartphone and other consumer electronics markets are finally making a comeback after getting through a tough 2022 marred by excess inventory. That comeback comes just as the industrial chip market (which includes chips for electric vehicles (EVs)) is now entering a similar period of decline. After several years of chip shortages , there are now too many industrial chips in inventory in the global supply chain.
Thankfully, Qualcomm's small automotive segment is bucking the trend, completely passing up the pedestrian-looking results from leading automotive chip designers Nvidia (NASDAQ: NVDA) and Mobileye (NASDAQ: MBLY) (which is still majority-owned by Intel (NASDAQ: INTC) ).
Is it time to get excited about Qualcomm's auto chip business?
For further details see:
Did Qualcomm Just Pull a Fast One on Nvidia and Intel's Mobileye?