Qualcomm (QCOM) Valuation Looks Elevated After Recent Move, Citi Says

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On January 15, Citi kept its Neutral standing connected QUALCOMM Incorporated (NASDAQ:QCOM) with a $180 terms people aft the banal moved nether a caller analyst’s coverage. The steadfast noted that Qualcomm shares are presently trading supra their humanities valuation levels.

Separately, Reuters reported connected January 7 that Qualcomm is successful discussions with Samsung Electronics astir having Samsung manufacture two-nanometer chips connected a declaration basis. Qualcomm CEO Cristiano Amon was quoted by the Korea Economic Daily arsenic saying the institution is speaking with Samsung first, among a radical of spot foundry partners, astir producing chips utilizing Samsung’s latest 2-nm process. He besides said the plan enactment has already been completed, with commercialization expected successful the adjacent future.

Qualcomm did not instantly respond to requests for remark extracurricular regular concern hours, portion Samsung said it does not remark connected circumstantial customers.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes halfway technologies that powerfulness overmuch of the wireless communications industry.

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Disclosure: None.