Pro Research: Wall Street eyes Qualcomm amid Apple deal
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As the semiconductor landscape continues to evolve, Qualcomm (NASDAQ:QCOM) Incorporated (NASDAQ:QCOM) finds itself at a critical juncture. The company, a cornerstone of wireless technology and a key player in the smartphone market, has recently secured a series of strategic agreements that have piqued the interest of investors and analysts alike.
Qualcomm's recent exclusivity agreement with Microsoft (NASDAQ:MSFT) for Arm-based Windows PCs, set to expire in 2024, positions the company as a significant player in the PC chipset market. The Snapdragon Summit, which started this week, is expected to shed more light on Qualcomm's future plans in this segment. However, post-exclusivity, Qualcomm is anticipated to face heightened competition from other vendors eager to capitalize on the growing market for Arm-based PCs.
A significant development for Qualcomm is its extended agreement with Apple Inc. (NASDAQ:AAPL), ensuring the supply of 5G Modem-RF systems for upcoming iPhone launches through 2026. This deal not only delays the potential loss of Apple's business but also underscores Qualcomm's technological prowess and the value proposition of its chipsets. Analysts estimate that this agreement
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