10 Cheap Semiconductor Stocks to Buy Now

2. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 79

P/E: 15.29

QUALCOMM Incorporated (NASDAQ:QCOM), a leader in mobile and wireless technologies, continues to strengthen its innovation edge across connectivity, AI, and IoT markets. In March 2025, the company launched the Qualcomm X85 5G Modem-RF, its eighth-generation 5G solution, delivering faster speeds, better battery life, and enhanced network reliability. QUALCOMM Incorporated (NASDAQ:QCOM) also introduced “Dragonwing,” a new brand catering to industrial IoT and networking solutions, emphasizing low-power, high-performance AI-driven products.

Further expanding its AI capabilities, QUALCOMM Incorporated (NASDAQ:QCOM) acquired MovianAI, the generative AI arm of VinAI, boosting its R&D depth across machine learning and computer vision.

QUALCOMM Incorporated (NASDAQ:QCOM) posted strong financial results, supported by growth in 5G, AI, and IoT markets. Total revenue for FY2024 stood at $38.96 billion, marking an 8.77% increase year-over-year. Q1 FY2025 revenue reached $11.67 billion, up 13.91% sequentially. Net income for the year rose sharply to $10.14 billion, a 40.24% year-over-year jump, with Q1 net income at $3.18 billion, reflecting a 9.09% increase over the previous quarter.

Analyst sentiment remains positive, with 54% rating it a “Buy” and a median price target of $190, implying a 27.89% upside from current levels as of 27th April. With a robust product pipeline, aggressive AI expansion, and solid earnings momentum, QUALCOMM Incorporated (NASDAQ:QCOM) remains a compelling semiconductor stock in 2025.