Qualcomm Incorporated

Qualcomm Incorporated (NASDAQ: QCOM) develops and commercializes core technologies for the wireless industry, including 3G, 4G, and 5G connectivity, as well as high-performance, low-power computing and on-device AI. The company operates through three main segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives.

As per our previous US Dividend Income Report published on ‘QCOM’ on 22^nd January, 2025, Kalkine provided an ‘Buy’ stance on the stock at USD 167.27 based on fundamental analysis and the stock price has now moved down by -23.80% since then.

Noted below are the details of support and resistance levels provided in our previous report:

Daily Chart

Considering the target level attainments and increasing volatility over global equity market a ‘Sell’ rating is assigned to the ‘QCOM’ at the closing market price of USD 127.46 as of April 04,2025. 

Note: This report may be updated with details around fundamental and technical analysis, price chart in due course, as appropriate.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is April 04,2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.