5. QUALCOMM Incorporated (NASDAQ:QCOM)
Forward P/E: 13.55
Number of Hedge Fund Holders: 79
QUALCOMM Incorporated (NASDAQ:QCOM) is an American multinational technology corporation that ranks among the best cheap tech stocks to buy. The company designs and develops processors, modems, radio frequency (RF) systems, 5G, 4G and legacy connectivity solutions, and optimized software. QUALCOMM Incorporated (NASDAQ:QCOM) is a global leader in wireless technology and it is known for pioneering advancements in 3G, 4G, and 5G technologies. The company’s wireless connectivity solutions are used in smartphones, laptops, IoT devices, and vehicles. It has 170 offices in more than 30 countries around the world.
The company is making strategic moves to maintain leadership in wireless technologies by integrating advanced AI capabilities into its platforms to enhance user experiences and drive transformation across industries. On March 3, QUALCOMM Incorporated (NASDAQ:QCOM) unveiled advancements in 5G and AI at MWC Barcelona 2025. The company announced the Qualcomm X85 5G Modem-RF, its eighth-generation 5G modem-to-antenna solution and fourth-generation AI-powered 5G connectivity platform, which sets new standards for connectivity in Android smartphones. This advanced platform can achieve peak download speeds of up to 12.5 Gbps and supports both sub-6 GHz and mmWave bands for seamless streaming, gaming, and downloads. With an enhanced Qualcomm 5G AI processor featuring a hardware tensor accelerator, the X85 improves speed, efficiency, coverage, and power consumption through AI-driven optimizations. QUALCOMM Incorporated (NASDAQ:QCOM) also announced the world’s first 5G Advanced fixed wireless access platform. The company further highlighted its focus on AI by demonstrating agentic and multimodal AI experiences across Snapdragon-powered devices such as smartphones, PCs, and smart glasses.
