Qualcomm: Not Your Simple Mobile Chip Stock - The Next Automotive/ Industrial Ace

Nov. 27, 2022 8:00 AM ETQUALCOMM Incorporated (QCOM)NVDA, ON, T, TMUS, TSLA, VZ26 Comments
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  • Though the recent semi-super-cycle has obviously ended, the next wave is not far behind, given the robust demand from the automotive and industrial end markets.
  • QCOM has reported automotive pipeline wins of over $30B, growing aggressively by $11B QoQ and $20B YoY, despite peak recessionary fears and supposed inventory correction.
  • These end markets are expected to remarkably expand to $3.51T in value by 2030, paving the way for tremendous electrification efforts globally.
  • Therefore, it is surprising that QCOM continues to be viewed as a simple mobile chip maker, against market darlings such as AMD and NVDA.

Man is hiding an Ace in the sleeve

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Investment Thesis

It is evident by now that a new critical semiconductor segment is materializing, due to the global electrification push over the next few years and the record high oil/gas prices from the Ukraine war. With

QCOM Projected Revenue, Net Income ( in billion $ ) %, EBIT %, EPS, and FCF %

S&P Capital IQ

QCOM EBT Margin Expansion

S&P Capital IQ

QCOM 5Y EV/Revenue and P/E Valuations

S&P Capital IQ

QCOM YTD Stock Price

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This article was written by

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I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.Prior to Seeking Alpha, I worked as a professionally trained architect in a private architecture practice, with a focus on public and healthcare projects. My qualifications include:- Qualified Person with the Board of Architects, Singapore.- Master's in Architecture from the National University of Singapore.- Bachelor in Arts from the National University of Singapore.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.

Disclosure: I/we have a beneficial long position in the shares of QCOM, AMD, NVDA, TMUS. INTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.

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