Qualcomm #QCOM is a good bargain at this price.

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The loss of Apple's mobile business in FY 2025 should be mitigated by higher demand from Autos and IoT.
Qualcomm is a strong player in autos, growing over 40%.
There could be a significant upside to Qualcomm should autos and IoT perform as expected.
Qualcomm does stack up well with other cyclical and secular growth companies in the semiconductor industry.
I believe the loss of iPhones is well-priced in and the stock is a bargain.

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