With Qualcomm's recent move to join the AR Alliance and its strong positioning in the AI and IoT markets, I expect short-term growth driven by advancements in AR and increasing demand for related technologies. This makes QCOM shares a promising buy.

Qualcomm is set to benefit greatly in the short term from its strong position in the AI and IoT markets, with growth in the smart stadium and cellular IoT sectors expected to drive revenue. This makes QCOM a promising investment opportunity.

With Qualcomm's (QCOM) strategic positioning in the AI and IoT markets and the recent positive market sentiment, I believe their stock is set to appreciate significantly. Expected growth in both sectors, bolstered by their Snapdragon technology, makes this a promising long-term investment opportunity.

With $2.79M put into QCOM puts expiring on 2024-09-20 at a strike of $170.0, I'm anticipating potential near-term volatility despite Qualcomm's AI growth prospects, especially amid mixed sentiment and market buzz on its stock and options activity.

Given that Qualcomm is likely to lose modem sales as Apple develops its own internal modem, coupled with concerns over its competitive position in the IOT market, I believe shorting QCOM will capitalize on its expected decline.