Argus Boosts Qualcomm (QCOM) PT on Strength beyond Handset Business - Yahoo Finance Singapore

Argus has raised Qualcomm's (QCOM) price target from $180 to $220, maintaining a 'Buy' rating, citing strong performance beyond its handset business. During Q2 2026 earnings, Qualcomm reported $10.6 b... Read original →

Qualcomm is transitioning from a 5G modem monopolist to a heterogeneous computing platform provider, triggering ripple effects across EUV lithography allocation and automotive-grade IP ecosystems. Its custom AI silicon ramp with hyperscalers prioritizes TSMC’s N4P/N3E capacity, squeezing wafer access for smaller fabless players. On compliance, U.S. export controls on advanced tools may delay Chinese JVs’ automotive chip certifications but accelerate localized partnerships with European Tier 1s. NVIDIA and MediaTek will counter aggressively: NVIDIA via Grace CPU + AI software bundling for edge inference, MediaTek by leveraging TSMC’s CoWoS to capture mid-tier cockpit SoCs. Within 18 months, deep integration of Alphawave’s SerDes IP into Qualcomm’s AI accelerators could cement a structural edge in power-efficient inference—if it fends off ARM Neoverse’s data center resurgence.