Jim Cramer Discusses These 11 Stocks & President Trump’s Sovereign Wealth Fund

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9. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders In Q3 2024: 74

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the largest chip companies in the world. Its products power most of the world’s smartphones, and advances in fabrication have enabled it to also target laptops and notebooks with the products. QUALCOMM Incorporated (NASDAQ:QCOM)’s exposure to the smartphone industry which accounts for more than half of its revenue has led the stock to post weak returns. The shares fell by 3.7% in February after the firm’s latest earnings, and Cramer commented on QUALCOMM Incorporated (NASDAQ:QCOM)’s CEO’s interview with CNBC’s Jon Fortt:

“I did not find Qualcomm disconcerting because it was interviewed, he was interviewed with Jon Fortt and he’s a bit promotional but I do think he’s gotten what he needs.”

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