Qualcomm has little downside with Amazon having come in as an investor at around $160 a share. Investors give it almost no credit for AI, wearables, robotics and auto, and those businesses can do the heavy lifting to keep the stock steady next year. x.com 

Qualcomm looks undervalued among tech stocks given its opportunities in physical AI, CPUs and an emerging data-center market. x.com 

Qualcomm is not simply undervalued: as a pure chip designer it lacks both manufacturing and distribution to end developers, leaving it squeezed by the largest companies on earth. It sends designs to TSMC and has no vertical integration. Amazon, which has pricing power through AWS, is now using Qualcomm to design its next chip, pushing it to undercut Broadcom. Nvidia controls the CUDA developer ecosystem, so its designs will likely far outpace Qualcomm's. It could be wrong short term. x.com 

Nvidia's shares remain pressured because neoclouds have yet to show demand revenue can cover debt service even at higher rates. CoreWeave and Nebius are dragging the shares, though that concern is being priced in and digested. Reuters reports ByteDance, Alibaba and Tencent ordered $35B in Nvidia chips; Elon Musk says SpaceX is on track to bring roughly 200,000 GB300 GPUs online per month through end-2026. Nvidia made a higher low, and the next higher-high target is $256. x.com  x.com  x.com  x.com 

AI demand could drive a big run in Broadcom, IREN, Oracle, Qualcomm, Nokia and Vistra. IREN's 2 GW of uncontracted power gives it massive upside potential; Vistra's roughly 3.8 GW of Meta and Amazon agreements position it for data-center power demand. Broadcom supplies custom AI chips and networking; Oracle has $664B in backlog and a $300B OpenAI deal; Qualcomm is one of tech's most undervalued names with CPU, physical-AI and data-center exposure; Nokia is essential to AI networking. x.com  x.com  … Show more

Apple dropping Qualcomm in favor of its own chips is a warning sign for Qualcomm. When Apple dumped Intel's chips, it marked five years of pain for Intel. Around $150 would be the right level to step in. x.com 

Qualcomm's AI data center upside is not priced in, and a deal with AWS worth up to $60B would quickly change its $15B AI chip plan. Qualcomm and Amazon agreed a multi-generation collaboration on custom silicon for AI inference and optical connectivity. Per @PatrickMoorhead, payments of up to $60B fall under a warrant framework granting Amazon up to 25 million Qualcomm shares, about 2.4% of the company. Amazon revenue starts in the December quarter. x.com  x.com  x.com  x.com 

Qualcomm's multi-generation AWS partnership breaks its image as just a smartphone-chip maker and opens a second growth engine in AI data centers. It will develop custom silicon and optical connectivity for AWS AI inference and granted Amazon affiliates warrants for up to 25 million shares, following its data-center CPU work with Meta. Snapdragon still leads in edge AI, AI PCs and auto. At about 20x earnings, in line with its history, valuation offers downside protection. x.com 

Qualcomm has a terrible position in every market it competes in and is not cheap enough to compensate. It faces Nvidia in cars, Intel and AMD in data-center CPUs, and Samsung and Google on their own phones. China is a material share of revenue, and Apple is aggressively cutting out Qualcomm's modem, a long-term revenue headwind. @citrini, bullish since December, made a good call, but the short stands; it also works as a funding short against long compute names such as AMD, SanDisk and Lumentum. … Show more

Qualcomm could rerate from a handset chipmaker into an AI infrastructure story now that Amazon is co-developing multiple generations of inference silicon with it. As AI shifts toward stacks built around workloads, power and cost, Qualcomm need not beat Nvidia, only help optimize around the GPU. Amazon and Qualcomm are also working on 1.6T links using Qualcomm SerDes and optical DSPs, entering a space led by Broadcom and Marvell. Deployment volumes and further design wins would confirm it. x.com