Technology Sector Trader’s Alert – QUALCOMM, Inc (NASDAQ:QCOM)
On Wednesday, Shares of QUALCOMM, Inc (NASDAQ:QCOM) lost -0.54% to $57.06. Trading volume recorded for this company was about 1.36M shares as contrast to its average volume of 9.43M shares. The stock’s intraday range was $56.86 to $57.37. The company has the total of 1.48B outstanding shares, while its market capitalization is about $85.37B.
Qualcomm Technologies, Inc., a partner of Qualcomm Incorporated (NASDAQ: QCOM), today declared that its premium mobile platform is powering Samsung’s most recent and most sophisticated flagship smartphone, the Samsung Galaxy S8, for select regions. The Samsung Galaxy S8 is powered by the Qualcomm® Snapdragon™ 835 Mobile Platform, featuring the first commercial SoC manufactured using 10nm FinFET technology, and which integrates the Snapdragon X16 LTE modem. This authoritative platform allows the Galaxy S8 to support Gigabit LTE, for fiber-optic Internet speeds on the go, and more consistent mobile data performance in more places. The Galaxy S8 is the first smartphone to feature Qualcomm® TruSignal™ adaptive antenna tuning technology for carrier aggregation, designed to deliver a more consistent voice and data experience, indoors and outdoors. The Snapdragon 835 is roughly 35 percent smaller in package size and consumes roughly 25 percent less power contrast to the previous generation flagship processor, which equates to longer battery life and a thinner design. The processor also supports next-generation immersive entertainment experiences, such as mobile virtual reality (VR), with leading edge still and video capture.
“We are proud to continue our long and productive partnership with Samsung to assist bring the most advanced mobile experiences, such as Gigabit LTE and mobile VR, to consumers with the new Samsung Galaxy S8,” said Alex Katouzian, senior vice president and general manager, mobile, Qualcomm Technologies, Inc. “Featuring a thin and light design with superior battery life, immersive multimedia, and brilliant photography with Gigabit LTE speeds, the Samsung Galaxy S8 powered by the Snapdragon 835 Mobile Platform delivers the experiences today’s mobile users demand.”
The Snapdragon 835 Mobile Platform offers improved processing power and performance with the new Qualcomm® Kryo™ 280 CPU and Qualcomm® Hexagon™ 682 DSP, and is designed to simultaneously meet the high performance demands, thermal limits and power efficiency constraints of the next-generation VR designs, like the Samsung Gear VR for Galaxy S8. Snapdragon 835 delivers up to a 25 percent increase in 3D graphics rendering performance with the Qualcomm® Adreno™ 540 GPU contrast to Adreno 530. Snapdragon 835 also supports object and scene-based 3D audio in addition to visually immersive 4K Ultra HD premium (HDR10) video that facilitates the Samsung Galaxy S8 to play HDR movies and other types of videos from major content publishers. At the core of the capture experience is the Qualcomm Spectra™ 180 ISP, featuring dual 14-bit ISPs that support the Galaxy S8 8MP front camera and 12MP rear camera for the ultimate photography and ultra-high definition videography experience. Both still and video capture experiences are improved with advanced auto-focus technologies together with HDR true-to-life colors and perceptual quantization video encoding. The Snapdragon 835 also features the Qualcomm Haven™ security platform with improved security for biometrics and device attestation, which can be practiced in the Galaxy S8. The Galaxy S8’s signal performance, power efficiency and thermal performance are improved by an advanced RF front-end which includes Qualcomm Technologies’ envelope tracker, impedance tuner, diversity receive modules, aperture tuners, low-noise amplifiers, extractor and BAW filter.
“We value the long history of partnership that we share with Qualcomm Technologies, and are excited to work with them on the Galaxy S8, the mobile industry’s first smartphone based on 10nm FinFET process technology to be available to consumers,” said Robert Kim, vice president, product strategy team, mobile communications business, Samsung Electronics. “Doing so provides our customers with a best-in-class mobile experience, which includes the most advanced features in connectivity, immersion, machine learning and security.”
Technical Analysis:
The stock price is going up to its 52-week low with 19.07% and lower from its 52-week high with -18.90%. The stock has shown its weekly performance of 1.02% and monthly performance stands at 1.15%. The stock price is moving down from its 200 days moving average with -5.71% and upward from 50 days moving average with 1.30%.
Analyst recommendation for this stock stands at 2.40.