11 AI News and Ratings You Should Not Miss

Page 4 of 11

8. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 100 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. On November 7, UBS analyst Timothy Arcuri raised the price target on the stock to $190 from $185 and kept a Neutral rating on the shares. In an investor note, the analyst underlined that the company posted strong guidance and, similar to MediaTek, was constructive on the flagship portion of the China market given new models and selling price growth from its new Snapdragon 8 Elite. The analyst added that Qualcomm’s mobile business continued to grow in a flattish overall unit market due to outsized exposure to the premium tier.

Page 4 of 11