10 AI News Making Waves on Wall Street

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74

QUALCOMM Incorporated (NASDAQ:QCOM) focuses on wireless communication technologies, heavily investing in AI, 5G, and IoT solutions. On January 17, Barclays analyst Tom O’Malley lowered Qualcomm’s price target from $200 to $185, maintaining an Overweight rating. In the firm’s 2025 outlook for semiconductors, it views AI as a key factor, focusing on stocks with proprietary serializer/deserializer technology. Barclays remains cautious about cyclical semiconductors, analog, PC, and handset sectors, believing recoveries in these areas will take longer to develop.