11 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) focuses on wireless technology and operates globally. Its AI initiatives are driven by investments in emerging technologies and companies, along with developing AI-powered solutions for mobile devices, automotive systems, and IoT applications.

Melius Research began coverage of QUALCOMM (NASDAQ:QCOM) with a Hold rating and a $180 price target, as reported by The Fly on December 9. While acknowledging Qualcomm’s innovation in chipsets and favorable valuation, the firm anticipates challenges over the next few years. It noted that growing demand for powerful chips in smartphones, PCs, and autos driven by AI applications may take time to offset the impact of losing Apple as a major customer and broader smartphone market weakness.

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