2024-06-09 14:29:51 ET
Summary
- Qualcomm's advancements in on-device AI chip functionality could be a game changer, poised to capitalize on the growing demand for AI-capable devices.
- The company's deep integration into the supply chains of major smartphone manufacturers and recent financial performance demonstrate a surge in demand for their AI chips.
- Despite concerns about the U.S. chip ban impacting Qualcomm's business in China, the company's diversified market and strong position in AI technology still make it a compelling investment.
Investment Thesis
I believe that Qualcomm's ( QCOM ) recent advancements in on-device AI chip functionality are a game changer. With their deep integration into the supply chains of major smartphone manufacturers and a growing demand for AI-capable devices, the company is poised to capitalize extensively on upcoming tech trends.
In particular, smartphones with AI capabilities will change personalization, efficiency, and utility, and will drive consumer demand for upgrades and new purchases. Qualcomm’s recent financial disclosures demonstrate these changes, highlighting a surge in demand for their AI chips, particularly in the Chinese market, where consumers are increasingly favoring high-end devices with AI functionality....
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For further details see:
Qualcomm: Smartphone AI Revolution