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Qualcomm (QCOM) Stock Tumbles 3% as BofA Warns of Stagnant Growth Ahead
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Qualcomm (QCOM) Stock Tumbles 3% as BofA Warns of Stagnant Growth Ahead
Key Takeaways Bank of America resumed coverage of Qualcomm with an Underperform rating and $145 price target Qualcomm faces a $7–8 billion revenue loss as Apple transitions to proprietary modem technology Samsung plans to reduce Qualcomm content in Galaxy phones from 100% to approximately 75% by fall 2026 Chinese smartphone giant Xiaomi is investing $7 billion in proprietary chip development Bank of America forecasts only 2% yearly revenue grow…
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