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QUALCOMM Incorporated (QCOM) Closes Alphawave Deal, Expands Push Into AI Data Centers

We recently compiled a list of the 7 Most Promising Robotics Stocks According to Wall Street Analysts. QUALCOMM Incorporated is one of the most promising stocks. 

TheFly reported on December 18 that QCOM announced the completion of its $2.4 billion acquisition of Alphawave Semi, a global leader in high-speed wired connectivity. The deal closed approximately one quarter ahead of schedule, marking a significant milestone in Qualcomm’s infrastructure strategy. As part of the merger, Tony Pialis, the co-founder and former CEO of Alphawave Semi, has been appointed to lead Qualcomm’s newly expanded data center business.

On December 16, 2025, Cantor Fitzgerald analyst C.J. Muse maintained a Neutral rating on QCOM but significantly raised the price target by $35, moving it from $170 to $185. This adjustment reflects the firm’s increasing confidence in the company’s ability to capitalize on AI-driven demand across compute, networking, and memory segments.

The Alphawave acquisition is expected to integrate seamlessly with QUALCOMM Incorporated (NASDAQ:QCOM)’s proprietary Oryon CPU and Hexagon NPU architectures. By securing Alphawave’s high-speed SerDes (Serializer-Deserializer) and chiplet technology, QCOM is positioning itself to provide the core infrastructure for next-generation AI data centers.

QUALCOMM Incorporated (NASDAQ:QCOM) is a global semiconductor and technology leader headquartered in San Diego, California. The company designs high-performance chips, AI processors, and connectivity solutions for mobile, automotive, IoT, and industrial applications. While not a traditional robotics manufacturer, QCOM plays a key role in robotics through its Robotics RB platforms, which enable autonomous robots, drones, and smart machines with edge AI, sensor fusion, and real-time 5G connectivity.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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