13 AI News That Broke the Internet

Page 6 of 12

7. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes technologies for wireless communication, with a focus on AI-driven solutions for mobile, automotive, and IoT applications. The company invests in AI, cloud, and extended reality industries, advancing connectivity and performance in a range of products.

On December 12, Qualcomm (NASDAQ:QCOM) announced that Dr. Baaziz Achour will become Chief Technology Officer of Qualcomm Technologies, Inc., effective February 3, 2025, as Dr. James Thompson retires. Currently, Deputy CTO, Dr. Achour will oversee Qualcomm’s R&D and engineering efforts, focusing on wireless communications, computing, and AI.

Dr. Achour, who joined Qualcomm in 1993, has contributed significantly to the development of wireless technologies, including the launch of 5G, and will guide the transition to 6G. He holds degrees in Physics and Electrical Engineering and has 24 U.S. patents in wireless communications. Qualcomm’s CEO, Cristiano Amon, praised both Achour’s leadership and Thompson’s 33 years of contributions to the company.

Page 6 of 12