Qualcomm reports record $11.67B revenue, yet stock dips due to lower licensing income.

Qualcomm reported a 17% rise in revenue to a record $11.67 billion for its first quarter, driven by a 20% increase in chip revenue to $10.1 billion. Despite strong results, its stock declined, partly due to lower-than-expected licensing revenue. Analysts see the stock as undervalued, with potential growth in auto and IoT sectors, suggesting it could be a good buy.

5 weeks ago
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