15 AI News That You Should Not Miss

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8. 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 would be appointing Yasumasa Nakayama to vice president and president of QUALCOMM Japan. The move comes as the chipmaker plans to expand from AI-capable phones into markets like industrial IoT, XR, and automotive. These markets also demand high-end AI chips developed by QUALCOMM for mobile phones. Nakayama, who has been at the firm since 2004, played a key role in helping the firm expand from handsets into these growing markets, per a QUALCOMM press release.

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