Should I sell my Qualcomm stock
Own lot of it and given that layoffs are coming and stock is underperforming, should I sell it and invest elsewhere? Tc: 328k
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Can you elaborate?
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As long as they keep paying the juicy dividends
Sell. CEO is incompetent. Apple, Mediatek, Exynos, and even Google/Pixel gaining share. Auto diversification is tiny and wont offset massive revenue decline over next 3 years. Read most recent earnings call transcript. Focus on Stacy Rasgon and Brett Simpson questions.
Sell at least half or maybe 2/3 and invest it in an index fund. That way your risk will reduce and you will stay invested. Qualcomm is heavily focused of smartphone chips and nothing revolutionary is expected there in next few years so my guess would be that qualcomm would continue to underperform.
Worked at Qualcomm for 6 years , recently jumped ship, havent sold my qcom stock yet, i would hold on untill the layoffs are announced and it rises , and yes Qualcomm’s is in deep shit untill it gets rid of the top heavy structure
Layoffs have been good for the other stocks. (meta) Recommend hanging on
Good point. Although I am not sure how Qualcomm will recover in near term after layoffs. They are working with Meta and Microsoft to build AI chips, but it will take until mid 2024 at least, for it to show up in revenue books. If there is a recession, they will be hit even more. On top of that, if we decide to purchase house in near term, I might need to sell that stock (probably for even lower price).