Zacks Investment Ideas feature highlights: Micron Technology and Qualcomm - The Globe and Mail

Micron Technology: Tracking a Pattern of Revenue AccelerationMicron Technology (MU -5.63%) primarily generates revenue by manufacturing and selling advanced semiconductor memory and storage solutions to global customers. During the recent period, it established multiple long-term strategic supply agreements with several major automotive manufacturers, such as General Motors and Ford Motor Company, to explicitly provide essential memory supply for vehicle platforms. It concurrently poured the first concrete for a new domestic semiconductor fabrication facility in New York. Qualcomm: Navigating a Pattern of Uneven Quarterly RevenueQualcomm (QCOM -3.53%) primarily earns its revenue by supplying advanced wireless communication technologies and licensing its broad intellectual property portfolio. During the quarter ended June 2026, it renewed a global patent licensing agreement with Apple to ensure continued royalty payments through the end of the decade, while it simultaneously secured a long-term computing supply agreement with BMW Group to act as the lead compute silicon provider for automated driving systems.