Qualcomm’s Robotics Ambitions and Institutional Support Amid Market Headwinds
Qualcomm (QCOM) hovers near $135–$140, a 25% retreat from January highs after disappointing forward guidance. Yet CEO Cristiano Amon eyes robotics as a potential growth engine, with Dragonwing processors targeting the sector within two years.
Analyst sentiment brightens: Wells Fargo upgrades to Equal Weight, Loop Capital to Buy—both setting $185 price targets (30% upside). Natixis boosts its stake by 4.9% ($227M), contrasting insider sales of 45,501 shares.
The chipmaker beat Q1 estimates ($3.50 EPS vs. $3.38 expected) with $12.25B revenue, but China tensions and bearish options activity cloud near-term prospects.