Veytics Intelligence
2026-09-16 · Yahoo

Qualcomm’s Discount Could Vanish If Its AI Bet Pays Off

Key Points Interested in Qualcomm Incorporated? Here are five stocks we like better. Qualcomm trades at a price-to-earnings ratio of just 22, well below rivals like NVIDIA, Broadcom, and AMD, despite its ties to the AI boom. Analysts, including Rosenblatt Securities with a $235 price target, see upside from Qualcomm's expansion into AI data centers, automotive chips, and on-device AI processing. Apple's shift to in-house modem chips and a sluggish Android market in China threaten to offset Qualcomm's diversification gains, keeping its consensus rating at Hold. There's a certain irony in a stock that has just rallied hard still being written off, yet that's exactly where chipmaker Qualcomm Inc. (NASDAQ: QCOM) finds itself right now.

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