Qualcomm (NASDAQ:QCOM) Unveils New Mobile Chip Amid Dwindling Phone Demand - TipRanks

Qualcomm (NASDAQ:QCOM) introduced its caller flagship spot for Android phones astatine the Snapdragon Summit 2022 connected Tuesday. The announcement comes connected the heels of Qualcomm’s net study released earlier this month, wherever the institution predicted a higher-than-expected diminution successful 2022 telephone sales.

The archetypal phones utilizing the Snapdragon 8 Generation 2 Mobile Platform are apt to deed the marketplace by the extremity of the year.

The AI-powered spot volition enactment connected computing and volition beryllium incorporated into devices from respective manufacturers and brands, including Sony (NYSE:SONY), Xiaomi, Motorola, OnePlus, Asus Republic of Gamers, and others.

The caller level volition alteration devices to process dependable commands successful aggregate languages faster. Additionally, the level volition connection Cognitive ISP for improved prime of photos and videos, and amended gaming capabilities similar real-time hardware-accelerated ray tracing. Importantly, the level volition beryllium secured with Snapdragon Secure technology.

Is QCOM a Buy, Sell oregon Hold?

Wall Street is cautiously optimistic astir Qualcomm stock, with a Moderate Buy statement standing based connected 16 Buys and 7 Holds. The QCOM banal terms is expected to ascent 20.54% implicit the adjacent twelvemonth and scope the mean terms people of $151.91.

Disclosure