15 AI News Updates Taking Wall Street By Storm

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9. QUALCOMM Incorporated (NASDAQ:QCOM)

Market Capitalization: $185 Billion 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. Financial Express recently reported that Gautam Sheoran, a senior executive at the company, has said that 5G tech is a game-changer in terms of performance and capability. The launch of wireless 5G services in India has made it easier for companies to offer AI applications on smart devices. These applications typically need to process data at very fast speeds. In his interview with Financial Express, Sheoran also noted that 5G wireless fibre technology was addressing challenges posed by traditional wired networks, especially in densely populated urban areas.

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