QUALCOMM, Inc. (QCOM) and Broadcom on a Collision Course

NASDAQ: QCOM | QUALCOMM Incorporated News, Ratings, and Charts

QCOM – The race to be the leader in next-gen Wi-Fi is still taking shape.

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QUALCOMM, Inc. (NASDAQ:QCOM) has designs on being the clear cut leader when it comes to next-gen Wi-Fi, but the same can be said for one of its key rivals. That means that Qualcomm and Broadcom are on a collision course of sorts as the battle continues to take shape.   

Marketwatch shares some insight into the situation at hand for Qualcomm.

Just before that earnings call, Broadcom pushed out a press release claiming to have shipped the first “802.11ax compliant SoC” (system-on-a-chip) for its partners.

The competition isn’t sitting still, and Qualcomm QCOM, +2.75% is likely the leader in the 802.11ax hardware race today. Despite conflicting claims of who was first, the San Diego-based communications giant announced chips shipping for the new Wi-Fi revision as early as February 2018.

In a piece for Marketwatch, Shrout Research’s Ryan Shrout lays out the details of where both Broadcom and Qualcomm stand at the moment. As he sees it, there’s no way that they don’t wind up going toe to toe as the battle rages on.

“All players have a chance to win from this, but it will be a fight between the two networking giants of Qualcomm and Broadcom for that leadership position,” he wrote.

QUALCOMM, Inc. shares rose $2.31 (+3.22%) in premarket trading Thursday. Year-to-date, QCOM has gained 18.71%, versus a 9.53% rise in the benchmark S&P 500 index during the same period.

QCOM currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #3 of 94 stocks in the Semiconductor & Wireless Chip category.

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