DELAYED UPDATE — Qualcomm automotive revenue jumps 61% as BofA trims target to $180
Qualcomm reported automotive revenue up 61% to about $1.6B and projected roughly $7B annually via partnerships including BMW and Stellantis. Separately, BofA trimmed its target to $180, citing cost and EPS risks.
6B and that it projects roughly $7B annually on partnerships with BMW and Stellantis. BofA cut its target to $180, citing cost and EPS risks, while QCOM also powers Humain’s Horizon Ultra AI PC with Snapdragon X2 Elite.