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Sociedad Química y Minera de Chile (SQM) PT Raised to $100 at Scotiabank as Top 2026 Pick

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the hot EV stocks to buy now. On March 4, Scotiabank increased its price target for Sociedad Química y Minera de Chile from $90 to $100 while maintaining an Outperform rating. The firm continues to designate the company as a top pick for investors as they look toward 2026.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) also held its Q4 and full-year 2025 earnings on March 2, reporting annual revenues of $44.6 billion and net income of $588 million. CEO Ricardo Ramos highlighted the year’s strategic milestones, including the formation of Nova Andino Litio through an agreement with Codelco and record quarterly lithium sales volumes exceeding 66,000 metric tons.

On February 23, Berenberg increased its price target for Sociedad Química y Minera de Chile from $47 to $53 while keeping a Hold rating. The firm noted that a rally in lithium prices has caused producer share prices to more than double since mid-2025, leading to the assessment that Sociedad Química y Minera de Chile is currently trading above its fundamental valuation levels.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) produces and sells specialty plant nutrients, iodine, and its derivatives worldwide.

While we acknowledge the risk and potential of SQM 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 SQM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 11 Best EV Stocks to Buy According to Analysts.

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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

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • 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.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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