11 Best Self-Driving Car Stocks to Buy According to Analysts

3. QUALCOMM Incorporated (NASDAQ:QCOM)

Analysts’ Upside Potential as of April 22: 40.22%

QUALCOMM Incorporated (NASDAQ:QCOM) is well-known for producing electronic components that are present in practically all smartphones. Nonetheless, the firm’s expertise in mobility chips is reviving in the auto industry. The Snapdragon Digital Chassis is a complete platform that drives ADAS, computing, and vehicle communication.

QUALCOMM Incorporated (NASDAQ:QCOM) recently purchased Arriver, a self-driving car software company that was previously part of auto supplier Veoneer, to help hasten the development of a vehicle autonomy platform, making it one of the Best Autonomous Driving Stocks.

The company achieved remarkable achievements in fiscal Q1 2025, as revenue grew to $11.7 billion, a 17.6% rise over the same time the previous year. This set a new record for QUALCOMM Incorporated (NASDAQ:QCOM) and was the third consecutive quarter of double-digit sales growth. The QCT business, which comprises core chip activities, generated $10.1 billion, a 20% jump from the previous year. Notable factors that contributed to this gain were the 61% increase in automotive revenue to $961 million, the 36% gain in IoT-related sales to $1.5 billion, and the 13% surge in smartphone chip sales to $7.6 billion.

At the end of the quarter, the company’s cash and cash equivalents were over $3.1 billion. Furthermore, it generated operating cash flow of almost $4.6 billion and paid dividends to stockholders of $942 million. For the past 21 years, the firm has been paying out increasing dividends to its stockholders.