15 AI News That Broke The Internet This Week

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7. 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. Cristiano Amon, the CEO of the firm, recently said during the QUALCOMM Investor Day that the chipmaker was focused on diversification as generative AI increased the demand for the technology offered by his company. Per Amon, as quoted by tech news platform Communications Today, QUALCOMM was well positioned to address a total addressable market of $900 billion by 2030 with a new ecosystem of customers and partners.

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