Qualcomm Q1 FY9/25 Earnings Review

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Definitely Either Buying Or Selling. For Sure One Of Those.

by Alex King, Cestrian Capital Research, Inc

Every chart in major semiconductor stocks right now looks basically the same(*).

(*) Except INTC which is in Boomer Hell and except AMD which is in Loser Hell.

Big runup from the 2022 bear market lows. Peaked, sold off hard, bounced, now trending sideways with relatively high volume.

So this means one of two things - choose your own ending.

(1) Big money failed to sell at the top and instead is holding the price up with narrative whilst distributing quietly for all they are worth - or,

(2) Big money is quietly accumulating for all they are worth whilst holding the price down with narrative.

Let’s think for a moment whether sentiment in semiconductor is bullish or bearish right now.

Ah yes. Negative. Because you can now run Sora on a Raspberry Pi. Or a Sinclair ZX81 if you have the external RAM pack. Or something.

So my guess is that if the narrative is telling you semiconductor is scary but price in these names is trending sideways at high volume? … my guess is that this is accumulation, not distribution.

So I think that these chip stocks are going to resolve higher.

Let’s take a look at San Diego’s Finest, Qualcomm ($QCOM). Here’s the headlines - we then get into the good stuff after the paywall.