Morgan Stanley Warns QUALCOMM Incorporated (QCOM) Upside Largely Priced In at Current Levels

QUALCOMM Incorporated (NASDAQ:QCOM) is among the 8 Most Promising Metaverse Stocks to Buy According to Hedge Funds.

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the most promising stocks on our list.

TheFly reported on February 10 that Morgan Stanley resumed coverage of QCOM with an Underweight rating and a $132 price target. The firm expressed concerns that the company’s earnings potential is already largely reflected at current levels. Additionally, analysts cautioned that a persistent memory constraint may make the second half of 2026 a difficult time for Android smartphones. The paper predicts that a limited memory supply will put pressure on cellphone volumes, first hitting lower-end models before spreading throughout the year.

Separately, QUALCOMM Incorporated (NASDAQ:QCOM) declared on February 18 that it would use its Strategic AI Venture Fund to invest up to $150 million in Indian firms through its venture arm, Qualcomm Ventures. The program will focus on deep technology and AI companies, particularly those in the automotive, robotics, edge computing, IoT, and mobile industries.

With the help of on-device processing, the fund seeks to assist entrepreneurs in creating AI and edge-AI solutions for linked platforms, industrial systems, and gadgets. QCOM plans to work closely with founders on product development, commercialization tactics, and international alliances in addition to providing funding.

QUALCOMM Incorporated (NASDAQ:QCOM) is a U.S. semiconductor leader powering the metaverse with advanced 5G, AI, XR, and mobile computing technologies that enable immersive experiences, real-time connectivity, and interactive spatial computing across AR/VR devices and network-centric applications.

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Disclosure: None.