13 AI News and Ratings Gaining Investor Attention

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3. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 79

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes wireless technologies, providing chips, licensing, and investments across mobile, automotive, IoT, and AI industries.

Qualcomm CEO Cristiano Amon stated that the company’s newly announced X85 modem significantly outperforms Apple’s first in-house modem, the C1, which debuted in the iPhone 16e, CNBC reported on March 5. He highlighted X85’s AI capabilities, which improve signal performance and create a noticeable gap between premium Android devices and iPhones. While Apple is reportedly developing modems for its high-end models, Amon reaffirmed that Qualcomm expects to stop supplying Apple with modems by 2027. He also emphasized the growing importance of modems in AI-driven technology and their impact on consumer preferences.

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