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Qualcomm targets $300 stock price with 31% upside amid AI and automotive growth despite recent volatility.

Analyst Insights
02 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Qualcomm's stock experienced a sharp drop after NVIDIA's AI chip launch and Microsoft easing hardware exclusivity, but fundamentals remain strong with record automotive revenue and steady IoT growth. The company aims for a $300.25 price target within 12 months, driven by new AI data center products, a key hyperscaler silicon deal, and an upcoming investor day. Risks include competition from NVIDIA and Apple's in-house modem development, but Qualcomm's diversification and buyback program support a bullish outlook.

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