14 AI Stocks on Wall Street’s Radar

Page 10 of 14

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. The AI-capable chips of QUALCOMM are now making their way into cars and IoT devices, after powering smartphones globally. Latest reports, published by several tech news platforms, including Notebook Check and GizmoChina, contend that the company is planning to launch a more affordable Snapdragon X chip for Windows laptops to bring down prices. New Windows laptops with Snapdragon chips are AI capable but their high prices have kept them out of reach of ordinary customers.

Page 10 of 14