35 Trending AI Stocks on Latest Analyst Ratings and News

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11. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 100 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. KeyBanc recently downgraded the stock to Sector Weight from Overweight without a price target. The investment firm said its previous thesis was that QUALCOMM would be increasingly viewed as an edge artificial intelligence play given its positioning in handsets and PCs. However, given these end markets have yet to materialize in any meaningful manner, the chipmaker is unlikely to benefit from a replacement cycle fundamentally or being given a market premium as an edge AI beneficiary until that happens, the advisory told investors in a research note.

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