Goldman Sachs’ 35 AI Superstars

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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. This company offers a range of qualities that make it a compelling investment. For instance, as per the year 2024 third-quarter report, the company reported revenue of $10.24 billion, a 19% increase from the same time in the previous year. This reflects the company’s strong financial performance and growth momentum. Moreover, the company has announced the Qualcomm AI On-Prem Appliance Solution, an on-premises desktop, and Qualcomm AI Inference Suite, a set of software and services for AI inferencing spanning from near-edge to cloud. The combination of these new offerings allows small and medium businesses, enterprises, and industrial organizations to run custom and off-the-shelf AI applications on their premises, including generative workloads. Running AI inference on-premises can deliver significant savings in operational costs and overall total cost of ownership compared to the cost of renting third-party AI infrastructure.

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