$Qualcomm(QCOM)$ It's becoming harder to deny that the Street has finally decided to believe in QCOM's diversification story (easier to believe now, with the evidence accumulating). If that's indeed the case, this price run-up is real; the market is 'resetting' on QCOM, we just don't know yet where the ultimate reset level will be. This rally might continue for a while, undoubtedly with intermittent sell-offs bringing out the doubters, but we'll eventually settle at a much higher PE as the story unfolds. Congrats to all the long-term holders; it's about time... and this move does justify the need for both conviction and patience.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
