Also, at a P/E ratio of only 24, it sells at a huge discount to each Apple and Nvidia, which trade for 31 instances and 88 instances earnings, respectively. Qualcomm reported non-GAAP revenue of $33.five billion in fiscal 2021, 55% extra than in fiscal 2020. Also, Qualcomm reported a net revenue of just more than $9 billion in 2021, a 74% surge compared with 2020. Revenue rose quicker than revenue as the firm restricted the improve in expenses and expenses to 37%.

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