Qualcomm's smartphone modem franchise is mature with Apple insourcing risk capped through 2027 by extended deal. Snapdragon X Elite PC traction modest but improving. Auto and IoT segments growing but small. Edge AI on-device inference narrative is emerging. Capital returns story is reliable but growth is muted.
| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| ONTO | Onto Innovation Inc. | 59 | +17% | ↓5% | EARLY |
| ARM | Arm Holdings plc | 59 | +17% | ↓5% | EARLY |
| ON | ON Semiconductor Corporation | 59 | -12% | ↓5% | AVOID |
| STM | STMicroelectronics N.V. | 59 | +12% | ↓5% | NEUTRAL |
| MU | Micron Technology, Inc. | 59 | +16% | ↓5% | EARLY |
| AMD | Advanced Micro Devices, Inc. | 59 | +14% | ↓5% | EARLY |
| AMAT | Applied Materials, Inc. | 59 | +9% | ↓5% | EARLY |
Snapdragon X2 Elite design wins from major OEMs
Apple modem insourcing delayed again
Estimates · Yahoo Finance · Not audited figures