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Pathikrit Bose

GF Securities Reckons Qualcomm Will Be a Hit in the CPU Server Cycle. QCOM Stock Has a Rocky Road Ahead.

Qualcomm QCOM GF Securities Stock QCT Nuvia Nvidia

Qualcomm (QCOM) stock climbed 8% after investment firm GF Securities predicted that a “server CPU super cycle” is on the anvil and that the chipmaker may be one of the key beneficiaries of this trend. Analysts believe the server CPU market will grow at a five-year compound annual growth rate (CAGR) of 38% to reach $135 billion by 2030.

While also making the case for the likes of Intel (INTC) and Advanced Micro Devices (AMD), GF Securities highlighted that, in a bullish scenario, "assuming Qualcomm captures 30% of ARM-based CPU market in 2028 […] the resulting [$3.6 billion] in net profit would represent a ~30% boost to its annual non-GAAP earnings.” Here's what investors should know about QCOM stock today.

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