Bank of America downgrades Qualcomm to Underperform with a $145 price target, highlighting the looming loss of Apple business and slow future growth in this mature chip market.
Global smartphone shipments plunge 12-13% in 2026—the worst drop ever—due to AI-driven memory chip shortages pushing prices sky-high, per IDC & Counterpoint.
Wells Fargo upgrades Qualcomm to Equal Weight with a $150 price target, highlighting big untapped opportunities in AI data centers and inference market growth starting 2027.
Morgan Stanley resumes coverage of Qualcomm with an Underweight rating, citing optimized earnings and memory shortages that could pressure Android phone demand in 2026.
Qualcomm reports strong Q1 2026 results with record $12.3B revenue, but forecasts weak Q2 due to global memory chip shortage impacting smartphone production and pricing.
Qualcomm reports stronger-than-expected Q4 results and forecasts higher Q1 sales, driven by smartphone upgrades, AI chips, and growth in automotive and data center segments.
