Qualcomm has a big opportunity in PC market: Analyst

Qualcomm (QCOM) topped fiscal fourth-quarter earnings estimates. The chip company reported adjusted earnings of $2.02 per share versus estimates of $1.92. Revenue of $8.67 billion was better than the expected $8.51 billion. Fiscal fourth-quarter guidance was also better than expected. Qualcomm's CEO, Cristiano Amon, spoke with Yahoo Finance last week while at the company's Snapdragon Summit in Hawaii, having a positive attitude on the company's new chip product and future performance against competitors like Apple (AAPL) and Intel (INTC). Angelo Zino, CFRA Research Senior Equity Analyst, joins Yahoo Finance to discuss Qualcomm's latest quarterly earnings and how the company has a great opportunity to step in the ring with its competitors in the PC market. "When you look at how far they've [Apple] pushed the limits in terms of their silicon chip that they just launched this week, based on 3-nanometer technology, it is still ahead," Zino says. "We think of the Qualcomm's of the world, which just kind of launched based on their 4-nanometer technology, with that said, it is absolutely an opportunity for Qualcomm, it's also going to be an opportunity for a name like Nvidia, which probably gets into the CPU PC market in 2025. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.