QUALCOMM Incorporated (NASDAQ:QCOM) is one of the Trending AI Stocks on Wall Street. On July 31, Piper Sandler analyst Harsh Kumar lowered the firm’s price target on the stock to $175 from $190 and kept an “Overweight” rating on the shares.
The firm noted how Qualcomm has delivered slightly above expectations with guidance largely in-line with estimates. It has been implementing its diversification well, and is poised for growth in key areas such as auto and IoT.
QUALCOMM Incorporated develops wireless technologies, supplies chips for mobile, automotive, and IoT, licenses patents, and invests in emerging tech.
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