14 Best NASDAQ Stocks to Buy According to Hedge Funds

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12. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 76

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the best NASDAQ stocks to buy according to hedge funds. On September 25, Qualcomm Technologies announced the Snapdragon 8 Elite Gen 5 Mobile Platform, touting it as the world’s fastest mobile System-on-a-Chip/SoC. The latest premium offering in the Snapdragon 8 Elite series is purpose-built to amplify existing mobile experiences and introduce breakthrough new ones through state-of-the-art performance, efficiency, and on-device AI processing.

Flagship devices featuring the Snapdragon 8 Elite Gen 5 from global OEMs and smartphone brands (including Honor, iQOO, Nubia, OnePlus, OPPO, POCO, realme, REDMI, RedMagic, ROG, Samsung, Sony, vivo, Xiaomi, and ZTE) are scheduled to launch in the coming days. The Snapdragon 8 Elite Gen 5 delivers significant performance upgrades across its core components. The 3rd Gen Qualcomm Oryon CPU is highlighted as the fastest mobile CPU ever, boosting performance by 20%.

A new Qualcomm Adreno GPU architecture enhances graphics-rich gaming performance by 23%. Furthermore, the Qualcomm Hexagon NPU offers a 37% faster performance for on-device AI processing. These collective upgrades power lightning-fast multitasking and seamless app switching, alongside the ability to support long game sessions with both incredible performance and power efficiency.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry worldwide. It has three segments: Qualcomm CDMA Technologies/QCT, Qualcomm Technology Licensing/QTL, and Qualcomm Strategic Initiatives/QSI.

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