Qualcomm (QCOM) now appears to be very well-positioned to benefit from the proliferation of agentic artificial intelligence (AI) in smartphones and its new agreement with Amazon (AMZN). Moreover, the valuation of QCOM stock is quite low considering the powerful positive catalysts working for the company.
On the other hand, Qualcomm's positive game changers may take two or three years to move the needle for QCOM stock. In the near-to-medium term, volatility in the handset market also seems poised to negatively impact the company's top and bottom lines.