Thread regarding Qualcomm (QCOM)

The stock hasn’t fallen apart, which is comforting, but it also feels like it’s floating more on narrative than conviction. Every headline mentions AI, yet I’m still not clear how much of that is real demand versus investors wanting another AI winner. I get the diversification story - auto, IoT, edge - but it all sounds slower and messier than the hype suggests. If the AI buzz cools off, I’m not convinced QCOM won’t drift back into being just another mature chip company struggling to grow.