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Qualcomm's (QCOM) Partnership With BMW Drives Innovation
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Qualcomm Incorporated (QCOM - Free Report) and BMW Group are revolutionizing the automotive landscape by extending their technology partnership. The collaboration is set to power BMW's new vehicles with Qualcomm’s Snapdragon Digital Chassis Solution.
This innovation aims to provide drivers and passengers with safer, smarter and more sophisticated in-vehicle experiences. BMW has chosen Qualcomm as its systems solution provider, incorporating the latest Snapdragon Cockpit Platform and Snapdragon Auto Connectivity Platforms for 5G connectivity.
One key aspect of this partnership is the integration of Snapdragon Cockpit Platforms into new BMW vehicles and MINI's New Family vehicles. These platforms enhance the user experience by offering high-definition graphics, premium audio, crystal-clear voice communication and AI-driven features. Notably, they empower the BMW Intelligent Personal Safety Assistant with in-car virtual assistance, natural language interactions, contextual safety monitoring and precise navigation.
Additionally, the Snapdragon Auto 5G Modem-RF provides ultra-fast connectivity and network reliability, ensuring seamless and always-connected experiences inside and outside the vehicles.
BMW and Qualcomm are jointly developing an open and scalable Advanced Driver Assistance System (ADAS) that spans from Level 2 to Level 3 High Automated Driving functionalities. These advanced safety features are based on the Snapdragon Ride Platform, with Level 2+ systems expected to be available by 2025.
By powering BMW's cutting-edge vehicles and co-developing advanced ADAS systems, Qualcomm is solidifying its foothold in the automotive sector. This move not only enhances Qualcomm's reputation but also places it at the forefront of technological advancements within the broader automotive ecosystem.
The extended partnership between BMW and Qualcomm promises to redefine the future of in-vehicle experiences and safety. As Qualcomm continues to innovate and collaborate, it is poised to reap the rewards of a dynamic and evolving automotive landscape.
With the acquisition of Veoneer, Qualcomm has incorporated Arriver's Computer Vision, Drive Policy and Driver Assistance assets into its ADAS portfolio to deliver an open and competitive platform for automakers to better compete with rivals within the self-driving vehicle market. This, in turn, is likely to augment its automotive business as it strives to boost revenues beyond chipmaking for the smartphone market.
The company intends to harness artificial intelligence to meet increased demands for essential products and services that are the building blocks of digital transformation in a cloud economy. Qualcomm also envisions solid growth opportunities within the mobile space, driven by its Snapdragon portfolio, which has reportedly set high standards for premium-tier Android handsets.
Shares of the company have lost 9.4% in the past year compared with the industry’s decline of 12.1%.
T-Mobile US, Inc. (TMUS - Free Report) , carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 8.8% in the last reported quarter. It has a VGM Score of B.
Headquartered in Bellevue, WA, T-Mobile is a national wireless service provider. The company offers services under the T-Mobile, Metro by T-Mobile and Sprint brands. T-Mobile, through its subsidiaries, provides wireless services for branded postpaid and prepaid, and wholesale customers.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 18.7% and delivered an earnings surprise of 12.8%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
AudioCodes Ltd. (AUDC - Free Report) is a Zacks Rank #2 stock. It has a long-term earnings growth expectation of 4.3% and delivered an earnings surprise of 2.2%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products, and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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Qualcomm's (QCOM) Partnership With BMW Drives Innovation
Qualcomm Incorporated (QCOM - Free Report) and BMW Group are revolutionizing the automotive landscape by extending their technology partnership. The collaboration is set to power BMW's new vehicles with Qualcomm’s Snapdragon Digital Chassis Solution.
This innovation aims to provide drivers and passengers with safer, smarter and more sophisticated in-vehicle experiences. BMW has chosen Qualcomm as its systems solution provider, incorporating the latest Snapdragon Cockpit Platform and Snapdragon Auto Connectivity Platforms for 5G connectivity.
One key aspect of this partnership is the integration of Snapdragon Cockpit Platforms into new BMW vehicles and MINI's New Family vehicles. These platforms enhance the user experience by offering high-definition graphics, premium audio, crystal-clear voice communication and AI-driven features. Notably, they empower the BMW Intelligent Personal Safety Assistant with in-car virtual assistance, natural language interactions, contextual safety monitoring and precise navigation.
Additionally, the Snapdragon Auto 5G Modem-RF provides ultra-fast connectivity and network reliability, ensuring seamless and always-connected experiences inside and outside the vehicles.
BMW and Qualcomm are jointly developing an open and scalable Advanced Driver Assistance System (ADAS) that spans from Level 2 to Level 3 High Automated Driving functionalities. These advanced safety features are based on the Snapdragon Ride Platform, with Level 2+ systems expected to be available by 2025.
By powering BMW's cutting-edge vehicles and co-developing advanced ADAS systems, Qualcomm is solidifying its foothold in the automotive sector. This move not only enhances Qualcomm's reputation but also places it at the forefront of technological advancements within the broader automotive ecosystem.
The extended partnership between BMW and Qualcomm promises to redefine the future of in-vehicle experiences and safety. As Qualcomm continues to innovate and collaborate, it is poised to reap the rewards of a dynamic and evolving automotive landscape.
With the acquisition of Veoneer, Qualcomm has incorporated Arriver's Computer Vision, Drive Policy and Driver Assistance assets into its ADAS portfolio to deliver an open and competitive platform for automakers to better compete with rivals within the self-driving vehicle market. This, in turn, is likely to augment its automotive business as it strives to boost revenues beyond chipmaking for the smartphone market.
The company intends to harness artificial intelligence to meet increased demands for essential products and services that are the building blocks of digital transformation in a cloud economy. Qualcomm also envisions solid growth opportunities within the mobile space, driven by its Snapdragon portfolio, which has reportedly set high standards for premium-tier Android handsets.
Shares of the company have lost 9.4% in the past year compared with the industry’s decline of 12.1%.
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We are impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Picks
T-Mobile US, Inc. (TMUS - Free Report) , carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 8.8% in the last reported quarter. It has a VGM Score of B.
Headquartered in Bellevue, WA, T-Mobile is a national wireless service provider. The company offers services under the T-Mobile, Metro by T-Mobile and Sprint brands. T-Mobile, through its subsidiaries, provides wireless services for branded postpaid and prepaid, and wholesale customers.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 18.7% and delivered an earnings surprise of 12.8%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
AudioCodes Ltd. (AUDC - Free Report) is a Zacks Rank #2 stock. It has a long-term earnings growth expectation of 4.3% and delivered an earnings surprise of 2.2%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products, and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.