15 AI Stocks That Could Break the Trillion Dollar Barrier

14. QUALCOMM Incorporated (NASDAQ:QCOM)

Market Capitalization as of April 20: $144 Billion

Next Year Revenue Growth: 4%

Next Year EBITDA Growth: 4%

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the AI stocks that could break the trillion dollar barrier. The firm is viewed as a high-conviction AI-at-the-edge play and is transforming from a smartphone chipmaker into a diversified AI powerhouse. A major catalyst for the shares is the prediction that 2026 will mark the beginning of a massive handset refresh cycle driven by on-device AI. In this regard, it is worth keeping an eye on the firm’s newest chip, the Snapdragon 8 Elite Gen 5. This new chip, built on TSMC’s 3nm N3P process, has shown multi-core performance that outperforms the Apple A19 Pro by 21%. Investors are thus tracking the launch of the first agentic AI smartphone from Bytedance, powered by Qualcomm silicon. This move toward AI as the user interface is considered a driver for premium-tier handset growth, which rose 3% year-over-year in Q1 2026.

Wall Street is also monitoring the growth of QUALCOMM Incorporated (NASDAQ:QCOM) in the automotive sector. Automotive revenue surged 15% year-over-year in Q1 2026 to $1.1 billion, with management guiding for 35%+ growth in Q2. The lifetime value of Qualcomm’s automotive design win pipeline now exceeds $45 billion. Investors favor the auto segment because it provides predictable, long-term revenue (5–7 year cycles) compared to the more volatile smartphone market. The chipmaker is also emerging as the primary challenger to Intel and AMD in the personal computing space. Qualcomm is on track to commercialize 150 different PC models this year. Institutions are betting that the Snapdragon X Elite’s superior battery life and on-device AI capabilities will capture significant enterprise market share in 2026.