Melius Research Raises Qualcomm (QCOM) Price Target, Sees More Upside in AI Semiconductor Stocks

On May 18, Melius Research raised its terms proposal connected QUALCOMM Incorporated (NASDAQ:QCOM) to $220 from $170. It reiterated a Hold standing connected the shares. The steadfast said that portion “nothing truly emerged arsenic incrementally bully from Trump going to China,” it was feeling “incrementally good” astir representation and AI semiconductor companies. The expert raised semipermanent estimates and terms targets for each of the firm’s Buy-rated “bottleneck stocks.” These included Micron, Sandisk, AMD, Intel, and Marvell. The steadfast besides said it inactive believes semiconductor companies volition proceed taking marketplace value, oregon astatine slightest much upside potential, from accepted bundle firms and different non-chip companies wrong the Magnificent Seven implicit the agelong term.

Earlier, connected May 13, Freedom Broker downgraded Qualcomm to Hold from Buy portion raising its terms people to $200 from $165. The steadfast described Qualcomm’s fiscal Q2 study arsenic mixed and said the company’s fiscal Q3 outlook was “disappointing crossed the board.” Freedom Broker expects Qualcomm’s handset conception gross to diminution astir 15% successful fiscal 2026, followed by different 16% driblet successful 2027.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry. Its concern includes 3G, 4G, and 5G wireless connectivity, on with high-performance and low-power computing technologies, including on-device artificial intelligence.

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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