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Benchmark Stays Bullish on Qualcomm (QCOM) —Here’s Why

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the AI Stocks Making Waves on Wall Street.  On July 31, Benchmark analyst Cody Acree reiterated a “Buy” rating on the stock with a $200.00 price target.

The firm noted how Qualcomm’s recent quarterly performance was “very clean,” with the company reporting growth across all major business categories. However, there have been major concerns about the financial impact of losing Apple’s business.

The company has, however, communicated the said issue effectively, and there has been sufficient opportunity for them to factor this in their models and valuations, the firm noted.

A leading semiconductor chip on a computer robot arm, reflecting the technology advances of the company.

Qualcomm shares were weak after its earnings report as investors were disappointed that it’s earnings per share (EPS) guidance mid-point only matched Street estimates instead of exceeding them.

“Automotive grew 21% annually IoT grew 24%, and even Handsets managed to grow 7%, driven by demand for Snapdragon 8 Elite platform in premium-tier handsets. While a big part of the company’s current and recent weakness is the result of lingering investor fears regarding the long-term financial impact of the loss of Apple’s business. We believe the company has been communicating this issue well with the Street for quite some time and analysts and investors have had ample opportunity to factor the event into models and estimates, and ultimately investors have factored this into Qualcomm depressed valuation.”

The firm noted how Qualcomm has been aggressively pursuing areas of diversification.

“During this same time, Qualcomm has been aggressively pursuing areas of diversification, with Autos now at $1 billion of quarterly contribution and IoT at almost $1.7 billion.”

QUALCOMM Incorporated (NASDAQ:QCOM) develops wireless technologies, supplies chips for mobile, automotive, and IoT, licenses patents, and invests in emerging tech.

While we acknowledge the risk and potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QCOM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks Making Waves on Wall Street and 10 AI Stocks Analysts Are Watching Closely

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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