14 AI Stocks Making Waves on Wall Street

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7. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74

QUALCOMM Incorporated (NASDAQ:QCOM) focuses on developing wireless communication technologies and has made significant investments in AI, 5G, and IoT applications, impacting a variety of industries.

Qualcomm has introduced the Snapdragon X Platform, the fourth addition to the Snapdragon X Series which is designed to bring AI capabilities and strong performance to Copilot+ PCs and is priced at around $600. The platform features an 8-core Qualcomm Oryon CPU and a 45 TOPS NPU, offering up to 163% faster performance while using less power than competitors. It targets students, freelancers, and budget-conscious users, with devices expected from brands like Acer, Asus, Dell, HP, and Lenovo by early 2025.

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