10 Most Promising AI Stocks to Invest In

9. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 78

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the Most Promising AI Stocks to Invest In. Cantor Fitzgerald lifted its price objective on the company’s stock to $150 from $135 and kept a “Neutral” rating on the shares. The analyst highlighted that the company expects a June quarter miss because of weaker Android demand associated with DRAM shortages. That being said, QUALCOMM Incorporated (NASDAQ:QCOM)’s stock increased after its management highlighted that handset demand might be near the trough.

QUALCOMM Incorporated (NASDAQ:QCOM) highlighted that, in IoT, agentic workloads and edge AI continue to drive major product renewal design cycles. Overall, the company’s pipeline remains healthy, and there is momentum for QUALCOMM Incorporated (NASDAQ:QCOM)’s solutions. In Physical and Industrial AI, the company’s new Dragonwing IQ10 platform saw significant customer interest. This was a significant upgrade versus the IQ9. It features NPU with up to 700 TOPS of on-device AI performance, an 18-core Orion CPU, more than 20 camera sensors, and an integrated safety island.

Qualcomm Inc. (NASDAQ:QCOM) develops and commercializes core technologies and products for mobile devices and other wireless products.