Samsung Bets on Qualcomm Chips to Power AI Features in New Galaxy Phones
-
Samsung's new Galaxy S24 phones have new AI features powered by Qualcomm's Snapdragon chips, which could help Qualcomm regain some lost market share.
-
The on-device AI capabilities aim to attract upgrades and new customers based on enhanced productivity, translation, and generative AI features.
-
Qualcomm signed long-term deals with Samsung and Apple through 2026-2030, ensuring stable revenue as mobile AI tech proliferates.
-
Qualcomm predicts a new smartphone upcycle is beginning, with diversification into new mobile devices using its AI chips.
-
Qualcomm stock looks undervalued compared to the market based on its P/E ratio, dividend yield, and share buybacks.