Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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20. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 79 

Seaport Research analyst Jay Goldberg recently initiated coverage of QUALCOMM Incorporated (NASDAQ:QCOM) with a Neutral rating and no price target. QCOM develops and sells foundational technologies for the wireless industry. In an investor note, the analyst noted that Qualcomm’s core market was not growing, and it was losing share there on multiple fronts. The analyst added that the company’s efforts to diversify beyond mobile were mixed and would all take years to materialize. Seaport saw a lack of any serious near-term catalyst for the shares.

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