Qualcomm's X85 modem upgrade boosts market confidence

Qualcomm has introduced its new X85 modem on March 3, strengthening its position in the mobile technology market. This release comes after a period of uncertainty for the company, especially since Apple's plans to create its own 5G modem were announced. Analysts had previously given Qualcomm a "Sell" rating back in November 2024. They were concerned about increased competition from Apple. However, the launch of the X85 modem has led some analysts to revise their outlook. With the new modem, Qualcomm continues to lead in 5G technology, which is critical for smartphones and other devices. Investors might now consider upgrading their recommendations based on this advancement. Qualcomm's latest product could help it retain market share and compete against emerging technologies. The future will depend on how well the company adapts to changing industry dynamics and competition.