Jim Cramer Discusses Qualcomm (QCOM) As A Value AI Play

Published on June 23, 2026 at 2:55 am by Ramish Cheema in News

We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. QUALCOMM Inc. (NASDAQ:QCOM) is one of the stocks discussed by Jim Cramer.

QUALCOMM Inc. (NASDAQ:QCOM) is one of the largest semiconductor design companies in the world. Its shares are up by 49% over the past year and by 30.7% year-to-date. On June 12th, Wells Fargo commented on the firm’s shares. It kept an Equal Weight rating on the shares and raised the share price target to $230 from $160. The coverage came ahead of QUALCOMM Inc. (NASDAQ:QCOM)’s Investor Day, as Wells Fargo outlined that the firm could earn more than $2.50 per share for every gigawatt of capacity deployed. On June 5th, JPMorgan raised QUALCOMM Inc. (NASDAQ:QCOM)’s share price target to $265 from 160 and kept a Neutral rating on the stock. It remarked that the chip company could target more than $3 billion in data center revenue during its investor day. Cramer discussed a WSJ article that outlined QUALCOMM Inc. (NASDAQ:QCOM) as a rare AI chip value play:

“Yes and, what the Journal [inaudible] the remaining bargain in AI. And I was thinking, oh god, I hope that David doesn’t read that, cause I think he thinks that the idea that could be a bargain, Qualcomm. . .the problem with all these is that they’re in their own world. . .”