20 Trending AI Stocks on Latest News and Analyst Ratings

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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 provided a preliminary outlook for the first quarter of 2025 that forecast 5% revenue growth, below market expectations of 9% growth. The outlook spooked investors, but Wall Street analysts have sought to ease these concerns. For example, Bank of America analyst Tal Liani noted that a rebound in the premium part of the smartphone market, along with AI PCs, and better terms for upcoming licensing negotiations should work in the favor of the chipmaker in the coming months.

Latest reports 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 QCOM. Shipments for AI-enabled PCs are expected to rise in the coming months, with Microsoft and Apple dominating that market.

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