SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 168.09+1.8%Nov 28 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Mullens who wrote (196452)11/8/2025 11:11:48 PM
From: Jim Mullens3 Recommendations

Recommended By
Ken Carrillo
matherandlowell
techlvr

   of 196772
 
Follow up to -QCOM v NVDA- video (revenue / share price projections)...................................... ..
Came across an interesting Youtube video - Qualcomm vs Nvidia: A strategic entry into the AI data center market - YouTube

Qualcomm vs Nvidia: A strategic entry into the AI data center market - YouTube

Toward the end of the video they discuss QCOM’s “re-rating” , as the public/ analyst community/ institutions become more confident in QCOM AI business prospects the PE will begin to expand.

Although no projections are provided in the video, I gave that task to Copilot .

>>>>>>>>>>>>>>>>>>>>>

Below is the forecast of QCOM FY29 share price generated with Copilot’s assistance. The speakers in the video and others (Stacy Rasgon) suggest that when the “market” adjusts to the fact that QCOM is building a viable business in the inference data center market, it’s multiple with begin to “re-rate” (expand). The two tables below model that expansion by projecting QCOM revenue thru FY29 along with projecting gradual PE expansion in two scenarios- 1) growing to 25X as suggested in the video, and 2) 35X my forecast .

FY29 revenue ties to QCOMs Nov’24 Analyst Day targets with the addition of $6.8B for new data center effort. Further, the iPhone modem revenue is backed out starting in FY26 and totally removed in FY 27 ($5.5B).

I found it interesting in using QCOMs $22B target for handsets and adding back $5.5B for AAPL modems, the result is $27.5B, yielding only a 2% five year handset CAGR. This appears to understate global handset sales by several percentage points in my estimation.

Cutting to the chase, QCOM’s FY29 share price would gradually increase to $368 at a 25X PE, and $515 at 35X. (worth another five year wait) Note, the model reflects share prices each year thru FY29.

Comments / questions appreciated.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News