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 moderate signals.
🇺🇸United States60NEUTRALView United States risk detail →💻Semiconductors2WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| WOLF | Wolfspeed Inc. | 12 | -29% | ↓54% | AVOID |
| MU | Micron Technology, Inc. | 12 | +16% | ↓54% | EARLY |
| UMC | United Microelectronics Corporation | 12 | +7% | ↓54% | NEUTRAL |
| NVDA | NVIDIA Corporation | 12 | +10% | ↓54% | NEUTRAL |
| TSM | Taiwan Semiconductor Manufacturing Company | 12 | +12% | ↓54% | NEUTRAL |
| ONTO | Onto Innovation Inc. | 12 | +17% | ↓54% | EARLY |
| 2330.TW | TSMC | 12 | — | ↓54% | 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 · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Alan Armstrong | Buy | $1k–$15k | Mar 27, 26 | ||
| Maria Elvira SalazarFL | Buy | Unknown amount | May 13, 26 | ||
| 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 | Unknown amount | Mar 12, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | $100k–$250k | Mar 18, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | $250k–$250k | Mar 2, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | $50k–$50k | Mar 23, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | $50k–$50k | Mar 25, 26 | +17.8% |
| Donald J. TrumpFL | R | Buy | $100k–$100k | Mar 11, 26 | +17.8% |
| Jared MoskowitzFL | D | Buy | Unknown amount | Mar 31, 26 | +39.8% |
| Jared MoskowitzFL | D | Buy | $1k–$15k | Nov 8, 24 | +60.7% |
| Marjorie Taylor Mrs GreeneGA | R | Buy | $1k–$15k | Nov 20, 24 | +67.0% |
| William R. KeatingMA | D | Buy | $1k–$15k | Oct 31, 24 | +50.1% |
| Marjorie Taylor Mrs GreeneGA | R | Buy | $1k–$15k | Sep 3, 24 | +57.9% |
| Kathy ManningNC | Buy | $1k–$15k | Jul 2, 24 | +51.6% |