15 AI Stocks Trending on Financial Media

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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 AI-capable chips of QUALCOMM are now making their way into cars and IoT devices, after powering smartphones globally. On November 21, JP Morgan analyst Samik Chatterjee maintained an Overweight rating on the stock with a price target of $200. In an investor note, the analyst said that Qualcomm’s IoT and Automotive Diversification Investor Day surpassed investor expectations in terms of potential diversification away from smartphone market by end of the decade, with the target of reaching 50% non-smartphone QCT exposure by FY30, vs. JPM expectation of 45% heading into the event.

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