Qualcomm Introduces Snapdragon X Series, Targeting Intelligent PC Market By Investing.com

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<p>Qualcomm (NASDAQ:) Inc. unveiled its Snapdragon X series platforms on Tuesday, aiming to make a mark in the intelligent PC market. The new series is set to rival x86 and Mac, leveraging heterogeneous compute architectures across CPU, GPU, and NPU for always-connected (5G) mobile PC experiences. The company plans to build on the success of the Snapdragon G series that powers Meta (NASDAQ:) Quest 3.</p>
<p>The Snapdragon X series will utilize the next-generation custom Qualcomm Oryon CPU for significant improvements in performance and power efficiency, with a special emphasis on generative AI. The Oryon CPU, a product of Qualcomm’s $1.4 billion acquisition of Nuvia, includes a neural processing unit (NPU) for on-device AI generation. The company’s laptop design team, post-acquisition, aims to produce what they believe will be the “best chip on the market.”</p>
<p>InvestingPro data shows that Qualcomm has a market cap of 125.68B USD and a P/E ratio of 14.62, which indicates the company is fairly valued compared to its earnings. The company has also demonstrated a high return on assets of 17.94%, a key metric highlighted in InvestingPro Tips. This suggests efficient management and profitability, further evidenced by a gross profit of 21.73B USD and an operating income of 11.39B USD. </p>
<p>The first Snapdragon X platform debut will feature a bold, vibrant, clean, distinctive logo design and new platform badges. This is part of an “all-new naming architecture” under the standalone “Snapdragon” brand introduced in November 2021. The “X” differentiates these chipsets from other Snapdragon categories like the Snapdragon 7c line for Chromebooks, G for gaming handhelds, W5 for wearables, and XR2+ and AR1 for headsets/glasses.</p>
<p>Qualcomm predicts a transformation in the PC industry by 2024 due to trends like performance improvement, AI integration (as seen with AMD’s acquisition of Nod.Ai), fast cellular connectivity, and extended battery life. More information about the Snapdragon X series is expected to be released by the end of this month.</p>
<p>InvestingPro Tips also highlight that Qualcomm has maintained dividend payments for 21 consecutive years, with a current dividend yield of 2.86%. These dividends have grown by 6.67% in the last twelve months. This shows the company’s commitment to returning value to shareholders, even amidst a predicted sales decline and an expected drop in net income this year. For more insights like these, consider subscribing to InvestingPro, which offers a wealth of additional tips for investors. For more details, click here.</p>
<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.</em></p>
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