14 AI News Investors Are Paying Attention To

Page 6 of 14

9. QUALCOMM Incorporated (NASDAQ:QCOM)

Market Capitalization: $185 Billion 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. On November 7, JPMorgan analyst Samik Chatterjee raised the price target on Qualcomm to $200 from $195 and kept an Overweight rating on the shares. The advisory said better revenue and margins drove earnings ahead of consensus. The analyst increased revenue and earnings expectations for the company, and expects the IOT and autos performance highlights to refocus investors on the long-term expectations around end-market diversification to be outlined by Qualcomm at the upcoming investor day.

Page 6 of 14