M&A News: Qualcomm Ramps Up AI Bet with $2.4B Alphawave Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2025
0mins
Should l Buy QCOM?
Source: TipRanks
Qualcomm's Acquisition of Alphawave IP Group: Qualcomm has announced a $2.4 billion acquisition of U.K.-based chipmaker Alphawave IP Group to enhance its presence in AI and cloud infrastructure, offering shareholders a cash premium of 96% over the last closing price.
Strategic Implications and Analyst Insights: Analysts view the deal as strategically valuable for Qualcomm, enhancing its data center capabilities and positioning it to meet rising demand for custom silicon solutions, with a consensus Moderate Buy rating on QCOM stock reflecting potential upside.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCOM is 197.14 USD with a low forecast of 165.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 136.300
Low
165.00
Averages
197.14
High
225.00
Current: 136.300
Low
165.00
Averages
197.14
High
225.00
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Earnings Report: Qualcomm reported earnings per share of $3.50 and revenue of $12.25 billion, surpassing market expectations of $3.15 and $12.22 billion, indicating robust performance in the competitive semiconductor market.
- Year-over-Year Growth: Compared to the same quarter last year, Qualcomm's earnings per share increased by 2.6% and revenue by 5.0%, reflecting positive progress in innovation and market demand, which bolsters investor confidence.
- Options Market Dynamics: Despite a 19% decline in Qualcomm's stock year-to-date, the relative cheapness of call options encourages investors to consider establishing long positions at current price levels, reflecting optimism about a potential rebound.
- Price Volatility Expectations: According to the Black-Scholes model, Qualcomm's stock is expected to fluctuate between $128 and $150 over the next 42 days, indicating heightened market attention and uncertainty regarding its short-term performance.
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- Weak Stock Performance: The Dow Jones fell by approximately 593 points to close at 48,908.72, while the S&P 500 dropped 1.23% to 6,798.40, and the Nasdaq Composite declined 1.59% to 22,540.59, showcasing a general trend of market weakness.
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- Silver Volatility Surge: Silver's volatility has exceeded 100%, with UBS strategists noting that the recent plunge appears driven more by a broader risk-off sentiment rather than a collapse in fundamentals, warning that such extreme volatility increases near-term positioning risks.
- India's Aircraft Purchase Plans: India's Commerce and Industry Minister Piyush Goyal stated that India is ready to purchase Boeing planes worth up to $80 billion, signaling New Delhi's willingness to expand trade with the U.S., with potential purchases of $500 billion in goods over the next five years.
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- Earnings Decline: Amazon's fourth-quarter earnings fell short of expectations, leading to a more than 11% drop in shares during after-hours trading, indicating growing market concerns about its financial health.
- Surging Capital Expenditure: The company projected capital expenditures of $200 billion, significantly exceeding analysts' estimates of $146.6 billion, raising investor doubts about the sustainability of Big Tech's spending to pursue the next phase of artificial intelligence.
- Market Reaction: Following Amazon's disappointing results, the Nasdaq Composite fell by 1.59%, reflecting broader pressure on tech stocks and diminishing investor confidence in future growth prospects.
- Industry Outlook: Despite the sell-off, analysts at Wedbush Securities argue that this situation does not signify an Armageddon scenario for the sector but rather a rational market correction that could pave the way for future investment opportunities.
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US Stocks Plunge as Tech Sector Leads Decline
- Tech Sector Decline: Qualcomm's (QCOM) forecast of weaker-than-expected Q2 revenue led to an over 8% drop in its stock, triggering a sell-off across the tech sector, with the Nasdaq 100 index hitting a 2.5-month low, indicating waning investor confidence in technology stocks.
- Weak Labor Market Signals: Challenger's report revealed a staggering 117.8% year-over-year increase in job cuts for January, totaling 108,435, the highest for January since 2009, while initial jobless claims rose by 22,000 to 231,000, highlighting vulnerabilities in the US labor market that could hinder economic recovery.
- Bitcoin Plunge: Bitcoin (^BTCUSD) plummeted over 12% to a 1.25-year low, reflecting deepening negative momentum in the cryptocurrency market, with approximately $2 billion flowing out of Bitcoin ETFs in the past month, signaling a decline in investor confidence.
- Earnings Season Impact: Despite 150 S&P 500 companies set to report earnings this week, market focus on economic data intensifies, with S&P 500 earnings expected to grow by 8.4% in Q4, yet overall market sentiment remains suppressed by recent economic weakness.
See More
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