10 Blue Chip Stocks with the Lowest PE Ratios

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Forward P/E Ratio: 13.44

Number of Hedge Fund Holders: 76

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the Blue Chip Stocks to Buy with the Lowest PE Ratios. On September 8, QUALCOMM Incorporated (NASDAQ:QCOM) announced expanding its collaboration with Google Cloud to enhance in-car experiences using agentic AI.

The partnership integrates Google Cloud’s Automotive AI Agent, powered by Google’s Gemini models, with Qualcomm’s Snapdragon Digital Chassis solutions. Management noted that the goal is to help automakers build advanced, multimodal AI agents that operate both on the vehicle’s edge devices and in the cloud.

Both companies aim to deliver combined solutions to enable automakers to create AI agents that go beyond simple commands to deliver conversational, personalized interactions. The technology supports key use cases like navigation, media, and vehicle controls, while shortening development time through an optimized reference architecture and prebuilt tools.

QUALCOMM Incorporated (NASDAQ:QCOM) and Google have a long history of automotive collaboration, starting in 2016 with embedded Android systems powered by Snapdragon.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational wireless technologies like 3G, 4G, and 5G. The company also designs and supplies integrated circuits and system software used in mobile devices, automotive systems, IoT, and networking products.