10 Trending AI Stocks on Latest News and Ratings

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7. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. The AI-capable chips of QUALCOMM are now making their way into cars and IoT devices, after powering smartphones globally. Taiwan-based media firm DigiTimes recently reported that Xiaomi, the Chinese electronics manufacturer that completed the design of a 3nm chip earlier this year, plans to launch the new chip sometime next year. The new chip could power the AI-capable upcoming phones from the firm, challenging QUALCOMM dominance in the sector.

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