11 Best Augmented Reality Stocks to Buy According to Hedge Funds

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8. QUALCOMM, Inc. (NASDAQ:QCOM)

Number of Hedge Fund Holders: 79

QUALCOMM Inc. (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity and high-performance and low-power computing, including on-device AI. The company operates across various high-growth markets, including autonomous vehicles and smartphones. QUALCOMM’s Snapdragon augmented reality technology is the next generation of mobile computing. It merges the actual world with virtual objects to create a seamless reality, ranking the company eighth on our list of the best augmented reality stocks to invest in now.

On April 2, the company announced the acquisition of MovianAI Artificial Intelligence Application and Research JSC (MovianAI), which was formerly the generative AI division of VinAI Application and Research JSC, and a part of the Vingroup ecosystem. The acquisition is expected to bolster QUALCOMM Inc.’s (NASDAQ:QCOM) generative AI research and development capabilities, accelerating the development of advanced AI solutions for products like PCs, smartphones, software-defined vehicles, and more. On April 28, the company received a Buy rating and a $185.00 price target from J.P. Morgan analyst Samik Chatterjee. Analysts are bullish on the company’s financials, expecting EPS for fiscal Q2 2025 to come in at $2.82 with a revenue of $10.61 billion.

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