13 AI News You Probably Missed

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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. On November 11, Loop Capital initiated coverage of the stock with a Hold rating and $180 price target. The advisory believes that the company needs revenue diversity more than anything, especially considering that Apple is in the early stages of moving to its own baseband modem and that the smartphone market is mature. Loop added that the AI upgrade cycle is showing mixed results, and its review of the moving parts indicates that the stock warrants a neutral stance.

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