30 AI News Investors Should Not Miss

Page 19 of 29

11. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 100 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. The company controls a large portion of the smartphone market and is making steady inroads into the PC space. For example, QCOM chips now power Windows laptops, making them more efficient and AI-capable compared to previous models that carried Intel chipsets. News publication Bloomberg reports that these QCOM powered PCs deliver on AI promises in sensational style. Market analysis firm Canalys claims that the tech industry is on pace to ship 44 million such AI-capable PCs in 2024 and more than double that to 103 million units in 2025. Poll data from the firm showed about 60% of respondents indicated a preference for devices with a Microsoft Copilot key.

Page 19 of 29