I think Hock Tan running a professional sports team is a silly analogy, for obvious reasons. QCOM is not a sports team, but a chip company a lot closer to another chip company than to a football team. But it might as well be potato chips when looking at QCOM and its comparative PE. They have completely missed out on the AI boom. Broadcom didn't. Nvidia certainly didn't.
Go back far enough, if Huang was the CEO of QCOM ten years ago he might have bought Nvidia when it was trading at .65 cents/share, and QCOM today would be Nvidia. It's about being able to see where the market is going and how to dominate that market. I know QCOM has AI products but where's the revenue? Where's the massive revenue? Where's the high double digit earnings growth? Just by chance, the only AI stock I seem to have in my portfolio has turned out to be Corning. How is QCOM not an AI stock? It's ridiculous.
I'm not asserting any powers, just giving my opinion that Amon is a lousy CEO as evinced by a stagnant share price for years. Think of me as the new Limtex. |
