Coatue’s 35 Most Important AI Stocks

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15. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. In the report for the fourth quarter of 2024, the company reported revenue of $10.24 billion and adjusted earnings per share (EPS) of $2.69, surpassing market expectations. This underscores the company’s strong sales driven by smartphone chips, particularly in the Chinese market. The company has also expanded collaboration with Panasonic Automotive Systems, which aims to transform in-vehicle experiences with the Snapdragon Cockpit Elite Platform. This new phase of the relationship would bring generative AI to the forefront of automotive innovation, setting a new benchmark for next-generation in-vehicle technology that includes immersive multimedia features, optimized gaming, and advanced 3D graphics.

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