Will Qualcomm shareholders benefit from its diversification strategy from smartphones to AI?
Daily chart of $QCOM shows a cup and handle pattern with a target above $229, but it failed at its first attempt of a breakout on October 27th, after new AI chip launch news
Qualcomm, the king of smartphone modem chips, lost Huawei and will lose Apple by 2027, as they look to source their own modem chips designed in-house. As a diversification strategy, $QCOM teamed up with Saudi Arabian AI startup company Humain and announced on October 27th plans to supply AI200 and AI250 chips for inferencing in 2026 and 2027 respectivel…
