Qualcomm is set to start generating significant revenue from AI data center deals with major hyperscalers, targeting $5 billion in fiscal 2027 and $15 billion by 2029. While handset sales face a decline, the company expects strong growth in non-handset segments like automotive and data centers, aiming for $40 billion revenue by 2029. Qualcomm trades at a higher forward P/E than peers but offers a 1.93% dividend, with a 24/7 Wall St. price target of $225.91, implying 24.46% upside. The key risk is whether data center revenue growth materializes and handset declines deepen beyond expectations.
Qualcomm shares rose 2.01% to USD 168.13 on Pluang as of Nov 02, 2026 22:42 WIB, reflecting investor interest in its AI data center growth prospects. The stock trades well below its 52-week high of USD 251.10 but offers a dividend yield of 2.23%, higher than Nvidia's 0.49%. Nvidia itself gained 1.99% to USD 208.85, showing strong market activity in tech stocks linked to AI advancements.
US stock markets closed lower last week amid pressure on AI-related stocks, with the Dow down 0.85%, Nasdaq down 2%, and S&P 500 down 0.57%. The Federal Reserve kept interest rates steady at 3.75%-4.00% while upgrading its economic outlook but highli...
Qualcomm is rated as a Sell above $145 because its current stock price is about 22% higher than the analyst's fair value estimate, driven by optimistic growth assumptions and margin risks. While automotive sales have grown 61% and patent licensing re...
Broadcom's stock fell 5% despite a DA Davidson upgrade tied to Anthropic's anticipated IPO and potential OpenAI listing next year. The semiconductor sector faced broad declines due to concerns over AI infrastructure spending and a weakening PC market...
