Will Qualcomm (QCOM) Break Its Cycle Of Price Drift Down After Earnings?
@nerdbull1669：
$Qualcomm(QCOM)$ will be reporting its Q4 results on 01 Nov 2023 (Wednesday). Market is expecting an earning per share of $1.91 on revenues of $8.52 billion for the reported quarter. Qualcomm is expected to beat the Q4 estimates because of an increase in demand from Android smartphones, their continued improvement of the Snapdragon 8 Gen 2 processors, there is also the healthy demand for $Apple(AAPL)$ iPhone 15. But in 2024, there are some headwinds expected because Qualcomm is losing share at Samsung and Huawei. Qualcomm should beat estimate and also raise its guidance because there have been a rush orders from Android smartphones, this could even account for an increase in sales from Huawei, though it d
