HomeMarket NewsSmartphone Market Poised to Boom; Apple and Qualcomm Leading the Charge

Smartphone Market Poised to Boom; Apple and Qualcomm Leading the Charge

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Apple Faces Shortages In iPhone Supplies Amid Turmoil In China

Scott Olson

Shares of Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) took the spotlight on Tuesday, with analyst firm Morgan Stanley emphasizing that the smartphone industry is set for a bounce-back that has not been factored into stock prices.

Katy Huberty, the bank’s Global Director of Research and former Apple analyst, stated that the firm’s global tech team has received an β€œabundant” amount of feedback indicating investment opportunities tied to Edge AI, where artificial intelligence is implemented on user’s devices, as the industry approaches what she described as a β€œfavorable turning point.”

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