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QCOM Forecast



Price Forecast:




80% Confidence

Bearish   <->   Bullish



Bullish Case: Qualcomm's growth in automotive and AI sectors, along with new partnerships, suggests impending revenue boosts, particularly as generative AI demand rises. Increased strategic collaborations may bolster its market stance.



Bearish Case: Legal challenges and declining smartphone sales threaten Qualcomm's earnings stability. Increased competition from MediaTek and Apple's in-house modem development adds pressure, potentially leading to market share losses.



Potential Outcomes:
  • 40%: Successful automotive market expansion increases revenues.
  • 30%: Ongoing smartphone sales decline negatively impacts growth.
  • 20%: Legal setbacks limit market opportunities.
  • 10%: New partnerships drive unexpected profitability.



Trading Oracle: Implement a long call debit spread: buy the QCOM 02/21/2025 $190 call and sell the $195 call. This leverages potential upside while hedging against volatility swings. Focus on the positive overall market sentiment and upcoming product cycles. Maintain a bullish stance with a favorable risk/reward ratio. Aim for a 60-70% probability of profit, optimizing exposure to the upcoming tech transitions.


December 14, 2024


Qualcomm Forecast

QCOM        Qualcomm

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