$Qualcomm(QCOM)$ Just watched Qualcomm CEO's keynote at Computex. I'm convinced. They've leapfrogged everyone with the tech to make AI useful economically and quickly, helping humanity grow beyond just compute.
$Advanced Micro Devices(AMD)$ Dell had to raise its outlook, which signals that the AI server wave is still expanding, not contracting. Reuters reports that Dell lifted its full-year revenue guidance to $165B–$169B from $138B–$142B, and raised adjusted EPS guidance to $17.90 from $12.90. Dell just told the market that AI infrastructure demand is still exploding. That will definitely help AMD.
$Qualcomm(QCOM)$ Traders showed a bullish bias through calls, even as the stock pulled back recently. This could reflect dip-buying, positioning for a rebound, or event-related flows like AI or semiconductor news. The presence of long-dated calls suggests some conviction in a longer-term recovery.
$Qualcomm(QCOM)$ It's becoming harder to deny that the Street has finally decided to believe in QCOM's diversification story (easier to believe now, with the evidence accumulating). If that's indeed the case, this price run-up is real; the market is 'resetting' on QCOM, we just don't know yet where the ultimate reset level will be. This rally might continue for a while, undoubtedly with intermittent sell-offs bringing out the doubters, but we'll eventually settle at a much higher PE as the story unfolds. Congrats to all the long-term holders; it's about time... and this move does justify the need for both conviction and patience.
$Qualcomm(QCOM)$ QCOM has positioned itself as an advanced chip producer for the AI buildout wave, which demands more efficient chips—those that use less energy and produce less heat. If QCOM can truly establish itself as a leader in this space, there's a lot more room for it to move higher. Good luck to all.
$Qualcomm(QCOM)$ Qualcomm shares are trading higher on reports of an AI chip agreement with ByteDance, TikTok's parent. The first of many more to come. That explains the 15-dollar jump.