Qualcomm License Deal Cancellation

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Why Now Is the Time to Be Cautious on Qualcomm Stock (NASDAQ:QCOM)

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81% Informative

Qualcomm (QCOM) came under pressure on October 23 after its long-term partner, Arm Holdings (ARM) was scrapping the license agreement between the two companies.

Arm Holdings has given Qualcomm a 60-day notice of cancellation of the license deal that allowed the chipmaker to use Arm’s IP to design and develop chips.

I believe Qualcomm is well-positioned to benefit from a recovery in the global semiconductor market.

I am neutral on the prospects for the company given the lack of clarity surrounding the impact of the decision.

Qualcomm was the leading chip supplier to the automotive industry with an 80% market share.

The average Qualcomm price target is $ 214.13 , which implies an upside potential of 25.1% from the current market price.

At a forward P/E of 17 compared to 50 for Nvidia ( NVDA ) and 45 for AMD ( AMD ).

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English