Gelonghui May 7| Bank of America Securities raises Qualcomm price targetcasinositesnodepositbonus, upgraded from $173 to $180, maintaining a "Buy" rating. The bank pointed out that Qualcomm's strong mobile phone chip business was mainly driven by a 40% year-on-year growth in the Chinese market in the first half of the year and believed that the Chinese market would recover.casinositesnodepositbonusMost of this has been achieved. Based on normal seasonal factors and the lack of flagship launches, the growth trend of mobile phone chips is expected to slow down in the third quarter. Subsequent improvements in performance guidance were driven by automobiles and the Internet of Things. The bank believes that even though the short-term catalyst for the stock is limited, the long-term driving force remains solid, including the global mobile phone market that continues to recover this year and the long-term positive impact of artificial intelligence trends on mobile phone demand and product prices. Computers are another driving force, and the company will launch chips that support Microsoft systems next year. In addition, the company also plans to transform its industrial solutions from microcontrollers to high-end computing and connectivity solutions.
