30 Best AI Stocks to Buy According to Billionaires

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10. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 79 

Number of Billionaire Investors: 19

Value of Billionaire Holdings: $3 Billion 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. This year, the company has gained global recognition with the Snapdragon 8 Elite platform, a chip that is driving AI integration in smartphones. The company plans to achieve $22 billion in non-handset revenues by 2029, and per CEO Cristiano Amon, design wins in PCs for the firm have exceeded 80 and are targeted to surpass 100 by 2026. Amon has also underscored the edge AI opportunity, stating the shift to on-device AI inference is poised to drive adoption across industries, particularly with Qualcomm’s AI processors. In Q1 2025, the firm posted record revenue of $11.7 billion and non-GAAP EPS of $3.41. During the period, chipset revenues reached $10.1 billion.

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