15 AI News Investors Are Paying Attention To

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10. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. The company recently announced that it had enabled as much as 80% of the fixed wireless access (FWA) connections in India, thereby helping telecom carriers monetize their 5G spectrum more effectively. The proliferation of 5G is a key factor enabling the AI boom. Fast internet speeds are necessary for many AI tasks that software firms are offering. These AI tasks run on cloud services provided by these software firms.

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