Key Points Qualcomm and Amazon recently announced a deal that could result in the tech giant buying up to $60 billion in AI chips. Amazon may also acquire $4 billion worth of Qualcomm chips via warrants. Qualcomm's stock is up just single digits this year, and it trades at a relatively low valuation. 10 stocks we like better than Qualcomm › Finding a good deal on artificial intelligence (AI) stocks isn't easy these days. Many stocks are trading at inflated valuations, and they may not have much room to rise a whole lot higher. That's why buying AI stocks can be a bit risky. But there is one potentially underrated AI stock the market has been overlooking that may be one of the better options to consider today: Qualcomm (NASDAQ:QCOM) .
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