20 AI News That Broke The Internet This Month

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14. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 78 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. Reports published earlier this month reveal that QUALCOMM Incorporated (NASDAQ:QCOM) is exploring the possibility of buying the chip design business of Intel in a bid to improve the AI product line. One of the favored investments of the mobile chipmaker includes the design operations at the client PC design division of Intel. Analysts have predicted that the server business of Intel does not align with the long-term strategic goals of QUALCOMM Incorporated (NASDAQ:QCOM). The company also recently provided a preliminary outlook for the first quarter of 2025 that forecast 5% revenue growth, below expectations of 9% growth.

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