Marking the inception of a new era in computing, Qualcomm Incorporated QCOM, along with Lenovo, recently introduced the world’s first 5G PC at Computex Taipei 2019. Notably, the chip maker collaborated with the leader in PCs to bring innovation to the PC ecosystem.
Dubbed Project Limitless, the PC is powered by the Qualcomm Snapdragon 8cx 5G compute platform — the world’s first 7nm platform purpose-built for PCs that offers 5G connectivity. The Snapdragon 8cx delivers excellent performance, battery life and connectivity. It features the Snapdragon X55 5G modem and Qualcomm’s RF Front-end, a comprehensive solution that allows OEMs to bring 5G connectivity to even the thinnest form factor. Users can experience peak download speeds of up to 7 Gbps without a Wi-Fi connection or hotspot.
Qualcomm’s collaboration with Lenovo will likely deliver transformative PC user experiences for both consumers and enterprises. Reportedly, the Snapdragon 8cx 5G platform with the X55 5G modem supports the fastest 4G connectivity available today. The modem supports Category 22 LTE, achieving peak download speed of up to 2.5 Gbps.
Qualcomm continues to execute its strategic objectives, including driving the global transition to 5G, protecting the value of its technology and expanding into new industries and product categories for future growth. It has redefined the computing and mobile ecosystem across the globe with the launch of QCA6390 Connectivity system-on-a-chip product. This game-changing and arguably the most advanced integrated offering from the company is likely to deliver path-breaking performance in the 5G era and provide it a competitive advantage against rivals.
Qualcomm has long-term EPS growth expectation of 13.7%. Driven by diligent execution of operational objectives, the stock has returned 10.4% on average compared with the industry’s rise of 6.1% over the past year.
Qualcomm is one of the largest manufacturers of wireless chipset based on baseband technology. The company has been trying to retain its leadership in 5G, chipset market and mobile connectivity with several technological achievements and innovative product launches.
Qualcomm currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Harris Corp. HRS, Motorola Solutions, Inc. MSI and Juniper Networks, Inc. JNPR, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Harris has long-term earnings growth expectation of 8%.
Motorola has long-term earnings growth expectation of 7.7%.
Juniper has long-term earnings growth expectation of 6.2%.
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