QUALCOMM Incorporated (NASDAQ:QCOM) is included among the Best Dividend Stocks for the Best Retirement Portfolio.
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QUALCOMM Incorporated (NASDAQ:QCOM) is a leading developer and manufacturer of semiconductors, software and wireless technology solutions, with a strong focus on 5G, Wi-Fi and artificial intelligence.
In recent quarters, QUALCOMM Incorporated (NASDAQ:QCOM) had hinted at an expansion into data center accelerator cards and system-on-a-card solutions. The company has officially unveiled its AI200 and AI250 accelerator cards and racks, designed specifically for AI inference. Wells Fargo analyst Aaron Rakers noted that Qualcomm’s emphasis on rack-scale systems came as a surprise.
The analyst highlighted that competition in the space is intensifying, with Intel’s Crescent Island, AMD’s MI platform and upcoming Helios rack-scale design, and Nvidia’s Rubin CPX all targeting similar markets. Wells Fargo also highlighted QUALCOMM Incorporated’s (NASDAQ:QCOM) recent deal with Saudi Arabia’s Humain, which plans to deploy 200 MW of Qualcomm AI systems starting in 2026, a contract estimated to generate around $2 billion in potential revenue.
Wells Fargo maintains an underweight rating on QCOM with a $140 price target. Despite competitive pressures, QUALCOMM Incorporated (NASDAQ:QCOM) remains an attractive option for income investors, supported by its consistent dividend payments. The company has increased its dividends for 21 consecutive years.
While we recognize QCOM’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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