Chart of the Day: Qualcomm (QCOM)

Posted by Ian Cooper | Oct 12, 2023 | Chart of the Day | 0 |

Keep an eye on Qualcomm (QCOM).

QCOM is also getting caught up in the artificial intelligence boom, which – thanks to Nvidia earnings – could become even more explosive.

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Qualcomm also says AI is coming to your phone soon. As noted in a recent press release, “Qualcomm is scheduled to make available Llama 2-based AI implementations on flagship smartphones and PCs starting from 2024 onwards to enable developers to usher in new and exciting generative AI applications using the AI-capabilities of Snapdragon platforms.”

Helping, Piper Sandler recently raised its QCOM price target to $140 from $120.

Sincerely,

Ian Cooper

About The Author

Ian Cooper

Ian Cooper is an expert options trader with decades of experience, and a special talent for predicting big market moves. Together with TradeWins Publishing, Ian shares exactly how you can follow in his footsteps to potentially find huge profits in today's markets.