15 Best Cheap Stocks to Buy for 2025

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11. QUALCOMM Incorporated (NASDAQ:QCOM)

Forward P/E Ratio as of January 15: 14.03

Number of Hedge Fund Investors: 74

QUALCOMM Incorporated (NASDAQ:QCOM) is a leading semiconductor and telecommunications company known for its innovations in wireless technology. The company generates revenue by licensing its intellectual property and selling semiconductors for mobile devices and IoT applications. QUALCOMM Incorporated’s (NASDAQ:QCOM) customers include smartphone manufacturers and tech firms.

QUALCOMM Incorporated (NASDAQ:QCOM) is actively leveraging the growing demand for on-device artificial intelligence (AI) and edge computing. The company views edge AI as a transformative technology that enhances the human-computer interface by delivering context, immediacy, and personalization while maintaining privacy and security. At the recent Snapdragon Summit, QUALCOMM Incorporated (NASDAQ:QCOM) showcased its vision for AI-enabled edge computing and announced partnerships with Meta to support Llama 3.2 on Snapdragon-powered devices and with Amazon to develop a cloud-to-edge solution for customizing and deploying AI models. The company also introduced the Snapdragon 8 Elite, which features a second-generation custom Oryon CPU and a rearchitected hexagon NPU, enabling advanced AI capabilities in mobile devices.

QUALCOMM Incorporated (NASDAQ:QCOM) is also expanding its footprint in the Industrial IoT (IIoT) market with the launch of the Qualcomm IQ Series and the IoT Solutions Framework. These solutions are tailored for next-generation industrial edge applications and offer tools for inspection, automation, robotics, and advanced computer vision. The company has further integrated connectivity and computing power into its Networking Pro A7 Elite Platform to enhance its capabilities in edge networking and reinforce its leadership in industrial and IoT solutions.

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