19 Trending AI Stocks on Latest Analyst Ratings and News

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15. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 78 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. The company recently announced that it had entered into a partnership with medical device maker Masimo to develop a smartwatch reference platform for original equipment manufacturers building Wear OS by Google smartwatches. The medical device maker is presently embroiled in a patent lawsuit with tech giant Apple over the blood oxygen technology used in Apple smartwatches. QCOM is one of the leading suppliers of chips to the California-based electronics giant as well as other smartphone firms.

QUALCOMM Incorporated (NASDAQ:QCOM) is attracting the attention of analysts on Wall Street. Rosenblatt recently raised the price target on the shares to $250 from $240 and kept a Buy rating, noting that the company was taking market share in premium Android handsets, Automotive cockpit, and the PC and the next phase of AI growth was at the network edge, where the company was well positioned.

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