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Thu. Nov 21st, 2024
Trending News: What is a “megabackdoor” Roth IRA conversion – and is your 401(k) eligible?FBI arrests homeless Florida man in alleged plot to bomb New York Stock ExchangeAsian markets mixed amid cautious tradingDow ends 4-day losing streak as stocks finish mixed ahead of Nvidia earningsDOJ pushes for Google to abandon Chrome browser after antitrust caseBroadridge Financial enhances Tbricks for high-performance structured product tradingNvidia earnings: Stocks fall as forecasts beat forecasts, but perhaps not enoughAdani group denounces “baseless” fraud and corruption accusations in New YorkThe Orissa Minerals Development Company LimitedCTS Eventim 9M Adj. EBITDA, revenue growth, margin decline; Confirms outlook for FY24Britain’s ‘mini-budget’ disaster should serve as a warning to the U.S.Adani Group Companies Lose $26 Billion in Market Value After US IndictmentUK regulator prepares competition measures for cloud marketWill AI replace humans? Yoshua Bengio warns of artificial intelligence risksEuropean markets expected to open lowerHow Taylor Swift and Beyoncé Fans Could Fuel a New Meme Stock FrenzyAdani Group plunged after Chairman Gautam Adani accused of fraud in New YorkOCCL LimitedAsian chip stocks slump as Nvidia’s slowing revenue growth worries investorsNvidia says Blackwell will surpass previous estimate by billions of dollars in Q4Bitcoin climbs, hitting new all-time high above $97,000C5 Capital and Sibanye-Stillwater to advance nuclear energy in South Africa, the United States and the worldOpinion: Why Nvidia investors are missing the forest for the treesAdani Group investor GQG Partners’ shares crash 25% — on pace for record lossAsian markets live: Nvidia results, Adani accusationsTaiwan Stock Exchange Could Extend Wednesday’s LossesHyundai all-electric Ioniq 9 three-row SUV revealedWhy Trump chose ‘Dr. Oz” to oversee Medicare, Medicaid could be “devastating”Billionaire Gautam Adani accused of fraud and corruption in New YorkSnowflake shares soar as software company’s prospects impressNvidia (NVDA) Q3 2025 Earnings ReportNVIDIA Corporation’s third-quarter profit rises, beating estimatesTrump-Fed risk of conflict ‘very high,’ says leading economistStock Market Today: Live UpdatesEx-div recall for Scotts Miracle-Gro (SMG)Williams-Sonoma shares – up nearly 28% – had just one better day than everSupply chain double whammy looms for U.S. economy in early 2025Marriott to open 2nd EDITION hotels in ShanghaiTarget stock is a notable loser after disappointing earnings reportSoftware firm Odoo hits $5.3 billion valuation in secondary share saleUS closes embassy in Kyiv, warning of potential ‘air attack’Prediction: Tilray Brands won’t be a cannabis company in 5 yearsLibas Consumer Products LimitedTraders reduce bets on Bank of England rate cut after UK inflation reboundsEuropean Central Banks warns of trade tension risks to financial stabilityDelta forecasts sales growth in 2025 thanks to ‘resilient economy’Cathie Wood Just Delivered Fantastic News for Bitcoin InvestorsDelta Air Lines sees opportunity in ‘premium consumer’ as it sets long-term financial goalsLibas Consumer Products LimitedNegotiated salaries in the euro zone increased by 5.42% in 3Q, compared to +3.54% in 2QWhat Trump’s return to the White House may mean for global bond yieldsDisney Treasure Cruise Ship Debuts; the fleet will double by 2031Why Institutions Could Make This Year Pivotal for CryptoSocial Security benefits get a 2.5% cost-of-living adjustment (COLA) in 2025. 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Here are the 5 big things to know.Sharp 2.3% climb in October, above expectationsThree global stocks to own in 2025, says BarclaysSTMicroelectronics unveils its 2027-2028 financial modelTrump choosing Warsh for Treasury would give more power to critics of both the Fed and tariffsU.S. ‘industrial renaissance’ is driving a rebound in fundraisingQualcomm Unveils Growth Strategy And Financial TargetsDow ends lower for 4th straight day, Nasdaq pops 1% as Wall Street shrugs off Russia’s nuclear shiftChina keeps benchmark lending rates steady as Beijing assesses stimulus measuresTrump tariffs to push down U.S. growth going into 2026: Morgan StanleyONEOK To Sell Three Wholly Owned Interstate Natural Gas Pipeline To DT Midstream For $1.2 BlnNetflix stock hits record on news that Tyson-Paul fight had 108 million viewersTrump names former wrestling executive Linda McMahon as his pick for education secretaryAffordable Robotic & Automation LimitedAsian Markets Trade Mixed | NasdaqSeven & i shares surge as founding family reportedly taking firm privateWall Street lowers expectations for profits in 2025. 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Thu. Nov 21st, 2024

Qualcomm Unveils Growth Strategy And Financial Targets


(RTTNews) – Qualcomm Inc. (QCOM) outlined its significant growth and diversification opportunities at its 2024 Investor Day. The company’s strategic position at the edge is expected to unlock a total addressable market (TAM) of approximately $900 billion by 2030, with more than 50 billion cumulative connected edge device shipments forecasted from 2024 to 2030.

Qualcomm outlined new five-year financial targets for its QCT business, projecting significant growth across several sectors by fiscal year 2029. The company expects combined revenues from Automotive and IoT to reach $22 billion, with Automotive revenues growing to $8 billion and IoT revenues expanding to $14 billion.

Additionally, Qualcomm anticipates that its PC segment will generate $4 billion in revenues, while the Industrial sector is expected to reach $4 billion as well. The XR (extended reality) business is forecasted to grow to more than $2 billion, and the rest of IoT is projected to contribute $4 billion in revenues by fiscal year 2029.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


    • News Analyst

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