Billionaire Chase Coleman’s 10 Stocks with Huge Upside Potential

7. QUALCOMM Incorporated (NASDAQ:QCOM)

Tiger Global Management LLC’s Stake Value: $285.38 Million

Upside Potential as of April 30: 34.89%

Number of Hedge Fund Holders: 79

QUALCOMM Incorporated (NASDAQ:QCOM) is a technology company that designs and manufactures semiconductors and wireless telecommunications products, including mobile chipsets. It also engages in research and standardization efforts related to mobile telecommunications, owning patents for various standards like 5G, 4G, and others.

At a time when most chip companies are under immense pressure, QUALCOMM Incorporated (NASDAQ:QCOM) has held steady, supported by solid financial results. The company has beaten earnings estimates in its nine most recent quarters, suggesting it will continue doing so in 2025. While there have been concerns that Apple could end up phasing out the company’s modems in the second half of the year, it continues to enjoy strong momentum in the automotive sector driven by new vehicle launches.

JPMorgan has reiterated an Overweight rating on the stock with a $185 price target buoyed by the company’s push to diversify its streams away from smartphone revenues. QUALCOMM Incorporated (NASDAQ:QCOM) is increasingly reducing its dependence on smartphone sales amid a renewed focus on Internet of Things solutions.

Additionally, QUALCOMM Incorporated (NASDAQ:QCOM) is pursuing opportunities around AI. It has completed the acquisition of Vine’s generative AI division, marking its continued expansion in the AI tooling sector. In addition, reports indicate the company is contemplating acquiring UK-based Alphawave IP Group PLC, which designs high-speed connectivity solutions used in data centers that train and run AI technology.