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Also, at a P/E ratio of only 24, it sells at a massive discount to both Apple and Nvidia, which trade for 31 occasions and 88 times earnings, respectively. Qualcomm reported non-GAAP revenue of $33.5 billion in fiscal 2021, 55% far more than in fiscal 2020. Also, Qualcomm reported a net income of just over $9 billion in 2021, a 74% surge compared with 2020. Revenue rose faster than revenue as the enterprise restricted the boost in costs and costs to 37%.
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