10 Best Electric and Autonomous Driving Stocks to Buy According to Hedge Funds

7. QUALCOMM Inc. (NASDAQ:QCOM)

QUALCOMM Inc. (NASDAQ:QCOM) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds. The optimism surrounding the stocks is backed by the company’s ongoing engagement with QCraft.

On June 5, Qualcomm Inc. (NASDAQ:QCOM) and QCraft showcased their urban Navigate-on-Autopilot solution in SA8650P-equipped production vehicles during the 2026 Qualcomm Automotive Technology and Cooperation Summit. QCraft successfully finished the development and on-road validation of highway and urban systems using SA8775P and SA8650P platforms operated by Qualcomm, since their collaboration began in September 2025.

Additionally, a higher-compute solution based on the QAM8797P platform is presently being developed collectively. During live demonstrations, the vehicles successfully navigated complex scenarios, including mixed pedestrian traffic, tunnels, and unprotected left turns, exhibiting smooth, human-like control.

QCraft Chief Technology Officer Dr. Dong Li noted that development on the Snapdragon Ride platform has rapidly accelerated toward mass production. He also discussed the industry transition from autonomous driving to general-purpose physical artificial intelligence.

The QPilot assisted-driving system is currently deployed on nearly 30 production models, with over 50 more anticipated in 2026, supporting billions of user-driven kilometers while maintaining exceptionally low false-trigger rates for emergency braking.

QUALCOMM Inc. (NASDAQ:QCOM) engages in the development and commercialization of foundational technologies for the wireless industry. The company offers systems for connectivity, integrated circuits, system software, and IoT. It licenses 3G, 4G, and 5G patents, invests in early-stage technology companies, and provides development services to government agencies and data center businesses.

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