Posted 4/9/2024, 12:30:00 AM
Qualcomm Positioned to Outpace Intel in Booming AI Chip Market
- Qualcomm poised to benefit from fast-growing AI smartphone market which it dominates; Intel faces stiff competition in AI PCs
- Qualcomm has $2B+ revenue pipeline from AI chips; small part of Intel's $57B total revenue
- Qualcomm powers flagship AI phones like Samsung's Galaxy; Intel losing client revenue share to AMD
- Qualcomm stock cheaper by valuation metrics; has P/E of 24 vs Intel's 110
- Qualcomm up 19% in 2024 while Intel down 23%, indicating stronger position in AI space