15 AI News Updates That Investors Are Watching

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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. On November 28, tech news platform Gadgets 360 reported that Chinese electronics giant Xiaomi was preparing to launch a new smartphone that would feature the Snapdragon 8 Elite mobile SoC, the latest AI-capable chip from QUALCOMM. The development comes a few days after reports in the US media suggested that Xiaomi was working on an AI-capable in-house chip for new smartphones. However, the latest reports indicate that the in-house chip development at Xiaomi is still in the early stages.

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