11 AI News and Ratings You Should Not Miss

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8. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 100 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. The company is expected to post fourth quarter earnings later today. Analysts expect the company to report earnings per share of $2.57, representing a 27% increase, and a 14.5% increase in its revenue to $9.93 billion. The firm has made efforts in recent months to diversify towards the automotive and AI sectors from the smartphone market. Analysts expect gains from these diversification efforts to be evident in the results. However, they also expect the softness in the smartphone market to continue. JPMorgan analyst Samik Chatterjee has said that Qualcomm faces specific challenges in relation to lapping loss of revenue to Huawei, while adoption of both AI PCs as well as AI Smartphones remain at a modest pace for now.

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