{
  "id": 5575445,
  "title": "Qualcomm Lost a Third of Its Value in 3 Months. One Wall Street Pro Sees 140% Upside From Here",
  "url": "https://urgent.news/2026/09/04/qualcomm-lost-a-third-of-its-value-in-3-months-one-wall-street-pro",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T14:31:54.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/qualcomm-lost-third-value-3-143154071.html"
  },
  "original_language": "en",
  "account": "Qualcomm's stock price plummeted 30% over a three-month period, falling from $241.25 to $168.57. The decline was triggered by a miss on non-GAAP EPS in Q3 earnings, which reported revenue of $9.95 billion, slightly beating estimates, but EPS of $2.21 falling short of the $2.22 target. This was a concerning development for Qualcomm, which had been a top performer in the semiconductor industry. However, Baird analyst Tristan Gerra believes the stock has significant upside potential, with a target price of $400, representing a 137% upside from current levels. While Qualcomm's earnings miss and handset revenue decline have caused concern, Baird sees opportunities in the company's diversification efforts into automotive silicon and AI data-center compute. The analyst expects Qualcomm's custom Oryon-based server processors to capture share in the AI data-center market, helping to offset Apple's potential revenue decline. If these expectations materialize, Baird believes Qualcomm could see significant growth in non-handset revenue, reaching $40 billion by fiscal 2029.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}