AMZN vs QCOM: Which Is the Better Buy?

Side-by-side comparison of Amazon.com, Inc. and QUALCOMM Incorporated — fair value, conviction, valuation metrics, and QuantHub research signals. Updated 2026-04-16.
Amazon.com, Inc. · Consumer Cyclical
$238.12
+59.3% upside to fair value
Grade B High Quality
VS
QUALCOMM Incorporated · Technology
$134.47
+77.7% upside to fair value
Med Conviction Grade B
QuantHub Verdict
QCOM has more upside to fair value (+77.7%). QCOM trades at a lower forward P/E (26.8x). These are model outputs — not personalized investment advice. See all research →
Valuation & Fundamentals
Metric AMZN QCOM
Current Price $238.12 $134.47
Fair Value Estimate $379.40 $239.00
Upside to Fair Value +59.3% +77.7%
Market Cap $2,556.2B $143.6B
Forward P/E 32.8x 26.8x
EV / EBITDA 15.9x
Price / Sales 3.6x 3.2x
Price / FCF 332.2x 11.1x
Revenue Growth YoY +18.4% +8.7%
Gross Margin 50.3% 55.1%
Operating Margin 11.2% 27.1%
Return on Equity 21.9% 21.6%
Dividend Yield 0%
FCF Yield 0.3% 9.0%
Analyst Consensus Strong Buy Hold
Investment Thesis
AMZN — Amazon.com, Inc.
Amazon.com, Inc. operates as the world's largest e-commerce and cloud computing company, with a diversified revenue base spanning online retail, third-party seller services, AWS cloud, advertising, and subscription services. The business quality is high due to its durable competitive moats including AWS's leadership in cloud infrastructure and Amazon's dominant e-commerce platform. Despite strong…
QCOM — QUALCOMM Incorporated
Qualcomm Incorporated is a leading semiconductor company specializing in wireless chipsets and IP licensing, with dominant positions in 5G modems via QCT (87% of revenue) and steady QTL royalties. The business excels through a vast patent moat, diversification into automotive and IoT, and robust growth (revenue +13% YoY to $44B in FY2025), but faces risks from Apple modem shifts and China exposur…
Accumulation Zones
Metric AMZN QCOM
Zone Low $284.55 $179.00
Zone High $322.49 $203.00
In Buy Zone? Yes Yes
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