Cantor Fitzgerald Raises PT on QUALCOMM (QCOM) Stock

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the Most Promising AI Stocks to Invest In. Cantor Fitzgerald lifted its price objective on the company’s stock to $150 from $135 and kept a “Neutral” rating on the shares. The analyst highlighted that the company expects a June quarter miss because of weaker Android demand associated with DRAM shortages. That being said, QUALCOMM Incorporated (NASDAQ:QCOM)’s stock increased after its management highlighted that handset demand might be near the trough.

Cantor Fitzgerald Raises PT on QUALCOMM (QCOM) Stock

QUALCOMM Incorporated (NASDAQ:QCOM) highlighted that, in IoT, agentic workloads and edge AI continue to drive major product renewal design cycles. Overall, the company’s pipeline remains healthy, and there is momentum for QUALCOMM Incorporated (NASDAQ:QCOM)’s solutions. In Physical and Industrial AI, the company’s new Dragonwing IQ10 platform saw significant customer interest. This was a significant upgrade versus the IQ9. It features NPU with up to 700 TOPS of on-device AI performance, an 18-core Orion CPU, more than 20 camera sensors, and an integrated safety island.

Qualcomm Inc. (NASDAQ:QCOM) develops and commercializes core technologies and products for mobile devices and other wireless products.

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.

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