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Barchart
Ebube Jones

Should You Buy the Post-Earnings Dip in This AI Dividend Stock?

Qualcomm Amazon QCOM Snapdragon

Qualcomm (QCOM) surprised investors by dropping sharply after its fiscal second-quarter report, even though it beat analyst expectations on revenue and profit. 

QCOM stock is also down about 7% in the year-to-date, underperforming the S&P 500 Index ($SPX), which has only dropped 4.6%. This has left many on Wall Street scratching their heads, especially since Qualcomm’s automotive and IoT businesses showed strong double-digit growth. Plus, analysts widely agree that the semiconductor industry is poisted for more rapid growth. 

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