20 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. Defense firm Honeywell has announced that it is working to develop an artificial intelligence-enabled Multi-Modal Intelligent Agent for Honeywell mobile devices that will be powered by Qualcomm Technologies chips. Per the defense company, the agent will allow workers and customers in the distribution center and retail industries to interact naturally with their handheld devices through voice, pictures, and barcodes.

QUALCOMM Incorporated (NASDAQ:QCOM) recently posted earnings for the third fiscal quarter. The EPS beat consensus estimates of $2.25 with reported adjusted EPS coming in at $2.33 per share. This earnings beat was paired with a strong forecast of $2.45-1.65 per share for the next fiscal quarter. For comparison, analysts had been estimating a range of $2.23-2.83 per share. A lot of the strength in revenue for the third quarter was derived from strong handset and automotive revenue in their QCT segment, growing by 87% and 12%, respectively.

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