Qualcomm's automotive chip revenue jumped 61%, but its much larger handset business just fell 20% in the same quarter, raising a key question for investors: can that growth offset what the bigger segment is losing?
QUALCOMM Incorporated (NASDAQ:QCOM) sells more technology into vehicles while its larger smartphone business weakens. That makes automotive diversification important, but it raises a practical question: can the new growth get big enough to protect overall profits?
At roughly 20 times forward earnings, investors pay for progress beyond handsets before automotive revenue can fully replace that exposure. Compare Qualcomm’s vehicle-chip opportunity with the 10 Best Autonomous Vehicle Stocks...
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