JPMorgan Sees Qualcomm (QCOM) Investor Day as Potential AI Growth Catalyst

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 14 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More.

On June 5, JPMorgan added a positive catalyst watch on Qualcomm and said that it’s sticking with its neutral rating. However, the firm is also bullish ahead of the company’s investor day.

Qualcomm is set to host its highly anticipated Investor Day on June 24th, to discuss the next phase of the company’s growth and diversification strategy amidst the rapid evolution of AI.

The firm believes that QCOM is likely to outline targets for data center revenue in excess of $3B in fiscal 2027 and $35B in fiscal 2031. It has placed its shares on Positive Catalyst Watch based on expectations for targets outlined at investor day to surpass investor expectations.

JPMorgan Sees Qualcomm (QCOM) Investor Day as Potential AI Growth Catalyst

At the same time, its neutrality stems from the wait for evidence of execution on these opportunities.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry.

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 the cheapest AI stock.

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