How Parkev Tatevosian, CFA’s view on $QCOM changed

If you are thinking of companies like Broadcom, Marvell, Qualcomm, Nvidia, AMD, and Apple, all of these companies rely on TSMC for at least some of their products.

Last but not least, there is Qualcomm, a lesser-known semiconductor company that I think investors will want to pay attention to. Qualcomm is not yet working in artificial intelligence in the literal sense, but it is creating new products that already have customers waiting to receive them.

These customers are huge companies, including Meta Platforms and Amazon, which have signed agreements with Qualcomm.

On Tuesday, September 8th, Qualcomm and Amazon announced a deal that could be worth billions of dollars. So, that's now two deals for the data center market for Qualcomm, which as of yet has yet to produce anything or generate any revenue from this category.

And this could be huge for Qualcomm stock investors. Let me share with you the details, what it means for Qualcomm, and whether or not this stock is still a buying opportunity.