14 AI News Updates Wall Street Is Monitoring

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9. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. On November 20, investment advisory Bank of America maintained a Buy rating on the stock with a price target of $245. In an investor note, the advisory said that after having attended Qualcomm’s analyst day, which focused on diversification away from handsets into other semiconductor strategies across automotive, PC and IoT, it walked away upbeat given Qualcomm’s strong market positioning and long-term revenue targets, which suggest healthy growth potential across new segments.

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