10 Best Smart City Stocks to Invest In

3. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 76

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the best smart city stocks. On September 8, Qualcomm and Google Cloud (GOOG, GOOGL) expanded their collaboration to implement AI in automotive solutions. By combining Google Cloud’s Automotive AI Agent with Qualcomm’s Snapdragon Digital Chassis, the partnership’s goal is to allow automakers to develop AI-based car experiences.

Automakers can now integrate AI agents to control navigation, entertainment, and car functions via verbal commands, using Google’s Gemini models operating on both vehicle hardware and cloud infrastructure.

According to both companies, the integrated system aims to accelerate vehicle development by offering ready-made capabilities and a reference framework, while supporting multilingual input and simultaneous processing of different input types.

Shiv Venkataraman from Google Cloud mentioned that AI will change how car manufacturers provide experiences in and around vehicles, making them smarter, more personal, and more useful for drivers and passengers. Similarly, Nakul Duggal from Qualcomm added that the partnership is a crucial milestone that will enable automakers to build advanced and personalized digital experiences for their customers.

Although QCOM and Google have partnered previously, the new collaboration comes as auto manufacturers look to stand out with better digital features and AI capabilities.