$Qualcomm(QCOM.US)
The Q3 earnings guidance falling short of expectations first triggered quantitative selling. Clearly, the actual earnings numbers aren't that important. The real highlight is the news about custom server CPUs for top cloud providers shipping within the year. This means Qualcomm has finally officially joined the AI computing infrastructure game. Looking at Qualcomm's current P/E ratio, plus the edge AI narrative, like AMD/ARM/Intel and other companies, Qualcomm also needs to be revalued.
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