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Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Qualcomm hopes to benefit from the tailwind to its industry from the increasing effectiveness of artificial intelligence.
In the most recent trading session, Qualcomm (QCOM) closed at $212.53, indicating a -1.36% shift from the previous trading day.
Qualcomm was recently upgraded to my list of AI stocks to buy.
Qualcomm (QCOM) falls after A.I. laptop fails to run some software titles.
Qualcomm is taking aim at new markets in 2024.
The chip company took a relatively long time to join the artificial-intelligence boom but the shares have been on a tear this year.
Nvidia (NASDAQ: NVDA ) and Advanced Micro Devices (NASDAQ: AMD ) are the most popular and compelling chip stocks to buy. Although Nvidia dominates the AI chip space, AMD is a clear challenger to the company for dominance.
Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices.