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With a net profit margin of 22.31%, QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 Most Profitable Dividend Stocks to Invest In Now

JPMorgan Expects Ambitious Data Center Targets From Qualcomm (QCOM)

On June 5, JPMorgan raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to $265 from $160. It reiterated a Neutral rating on the shares ahead of the company’s investor day scheduled for June 24. The firm expects Qualcomm to outline data center revenue targets of more than $3 billion in fiscal 2027 and $35 billion in fiscal 2031. JPMorgan also placed the stock on “Positive Catalyst Watch,” citing expectations that the targets presented at the investor day could exceed investor expectations. Even so, the firm kept its Neutral rating, saying it wants to see evidence that Qualcomm can execute on those opportunities in what remains an increasingly competitive market.

CNBC highlighted the stock’s strong performance in a May 22 report. Shares have gained nearly 45% since the start of 2026. The report noted that Qualcomm is leveraging its leadership in smartphones to strengthen its position in connected devices, including smart glasses, vehicles, and robots.OpenAI is also reportedly working with Qualcomm on the development of an AI chip that could power a future device operated by AI agents.

The report also pointed to Qualcomm’s agreement with automaker Stellantis. Under the deal, Stellantis will use Snapdragon processors to “support advanced, unified compute power across the entire vehicle, including cockpit, connectivity and advanced driver assist systems.”

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry. Its technologies support third-generation (3G), fourth-generation (4G), and fifth-generation (5G) wireless connectivity, as well as high-performance and low-power computing, including on-device artificial intelligence.

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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