Qualcomm's smartphone modem franchise is mature with Apple insourcing risk capped through 2027 by extended deal. Snapdragon X Elite PC traction modest but improving. Auto and IoT segments growing but small. Edge AI on-device inference narrative is emerging. Capital returns story is reliable but growth is muted.
Thesis reviewed May 29, 2026
QUALCOMM Incorporated is headquartered in United States, which is currently showing elevated risk signals.
πΊπΈUnited States78REDUCEView United States risk detail βπ»Semiconductors2WATCH| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| AMAT | Applied Materials, Inc. | 11 | +14% | β79% | EARLY |
| WOLF | Wolfspeed Inc. | 11 | -29% | β79% | AVOID |
| MU | Micron Technology, Inc. | 11 | +16% | β79% | EARLY |
| TSM | Taiwan Semiconductor Manufacturing Company | 11 | +12% | β79% | NEUTRAL |
| ARM | Arm Holdings plc | 11 | +17% | β79% | EARLY |
| AMD | Advanced Micro Devices, Inc. | 11 | +14% | β79% | EARLY |
| STM | STMicroelectronics N.V. | 11 | +12% | β79% | NEUTRAL |
Investors who hold QCOM may also have indirect exposure through these country funds.
Snapdragon X2 Elite design wins from major OEMs
Apple modem insourcing delayed again
Estimates Β· Yahoo Finance Β· Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Sara JacobsCA | D | Sell | Unknown amount | May 7, 26 | +24.0% |
| Sara JacobsCA | D | Sell | Unknown amount | May 6, 26 | +24.0% |
| Donald J. TrumpFL | R | Buy | $100kβ$250k | Mar 18, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | $100kβ$100k | Mar 11, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | Unknown amount | Mar 12, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | $50kβ$50k | Mar 25, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | $250kβ$250k | Mar 2, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | $50kβ$50k | Mar 23, 26 | +17.8% |
| Jared MoskowitzFL | D | Buy | Unknown amount | Mar 31, 26 | +39.8% |
| Jared MoskowitzFL | D | Buy | $1kβ$15k | Nov 8, 24 | +60.7% |
| Marjorie Taylor Mrs GreeneGA | R | Buy | $1kβ$15k | Nov 20, 24 | +67.0% |
| William R. KeatingMA | D | Buy | $1kβ$15k | Oct 31, 24 | +50.1% |
| Marjorie Taylor Mrs GreeneGA | R | Buy | $1kβ$15k | Sep 3, 24 | +57.9% |
| Kathy ManningNC | Buy | $1kβ$15k | Jul 2, 24 | +51.6% |