Wells Fargo Bullish on QUALCOMM (QCOM) Amid $100+ Billion AI Inference Market Opportunity

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the most undervalued AI stocks to buy now.

Analysts at Wells Fargo believe QUALCOMM Incorporated (NASDAQ:QCOM) may lift broader sentiment once more clarity emerges surrounding the company’s AI and data center strategy. The AI inference market opportunity exceeds $ 100 billion, which the firm’s analysts believe is not currently reflected in the company’s share price. Analysts expect QUALCOMM Incorporated (NASDAQ:QCOM) to capitalize on the attractive opportunity, projecting $5-$7 billion in annual revenue in 2027.

With this outlook, Wells Fargo raised QUALCOMM Incorporated (NASDAQ:QCOM)’s price target from $135 to $150 on February 24, 2026, while upgrading the stock from ‘Underweight’ to ‘Equal Weight’.

Wells Fargo Bullish on QUALCOMM (QCOM) Amid $100+ Billion AI Inference Market Opportunity

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Meanwhile, on February 18, 2026, QUALCOMM Incorporated (NASDAQ:QCOM) shared its plans to extend its long-standing commitment to advancing India’s technology landscape. With an investment of up to $150 million, the company aims to accelerate the country’s rapidly expanding technology and AI startup ecosystem.

Specifically, QUALCOMM Incorporated (NASDAQ:QCOM) will work toward accelerating AI in areas such as automotive, IoT, robotics, and mobile.

By developing wireless technologies and semiconductors, QUALCOMM Incorporated (NASDAQ:QCOM) serves the mobile and connected devices segment.

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