BofA Lifts PT on QUALCOMM (QCOM) – Here’s Why

1 hour ago 1

Noor Ul Ain Rehman

Sat, June 27, 2026 astatine 1:38 PM CDT 2 min read

QUALCOMM, Inc. (NASDAQ:QCOM) is 1 of the champion trending AI stocks to ticker successful 2026. BofA lifted the terms people connected QUALCOMM, Inc. (NASDAQ:QCOM) to $195 from $165 connected May 23 and maintained an Underperform standing connected the shares. The standing update came up of the company's capitalist time connected Wednesday, June 24, with the steadfast stating that it is rolling guardant successful its valuation to calendar twelvemonth 2028 estimates. However, it maintained an Underperform standing connected the shares arsenic it believes the institution is re-entering a fast-growing but hyper-competitive AI marketplace that is afloat of ample incumbents arsenic the institution works to diversify distant from handsets toward a broader AI compute level spanning edge, auto/IoT, and information center.

Analyst Explains Why He's Buying Qualcomm (QCOM) Despite Facing Hopes of Cellphone 'Super Cycle'

In different development, Bloomberg reported connected June 22 that according to radical acquainted with the matter, QUALCOMM, Inc. (NASDAQ:QCOM) is successful precocious talks to get Modular Inc, the AI infrastructure bundle company, successful a transaction valued astatine astir $4 billion. It further reported that a transaction whitethorn beryllium announced arsenic soon arsenic the upcoming week. Bloomberg added that the radical asked not to beryllium identified since the accusation is private.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity and high-performance and low-power computing, including on-device AI. The institution operates crossed assorted high-growth markets, including autonomous vehicles and smartphones. QUALCOMM's Snapdragon augmented world exertion is the adjacent procreation of mobile computing.

While we admit the imaginable of QCOM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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