11 AI News and Ratings You Shouldn’t Miss

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1. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74

QUALCOMM Incorporated (NASDAQ:QCOM) develops and licenses wireless technologies, supplies semiconductor solutions, and invests in emerging tech industries globally.

On February 7, TipRanks reported that Benchmark Co. analyst Cody Acree reaffirmed a Buy rating on Qualcomm with a $240 price target, and highlighted strong financial performance and growth potential. The company posted record revenue in the December quarter, exceeding expectations, with strength in smartphones, IoT, and automotive. Qualcomm’s chipset business also saw strong year-over-year growth. Future prospects are also positive, which are supported by strategic partnerships, product innovation, and licensing deals with major Chinese OEMs. An exclusive supply agreement for Samsung’s Galaxy S25 and AI-driven opportunities further strengthen its market position.

While we acknowledge the potential of QUALCOMM Incorporated (NASDAQ:QCOM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than QCOM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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