Qualcomm: A cheap alternative with huge potential in AI
- Recommendation from CFRA Research: Angelo Zino, vice president and principal equity analyst at CFRA Research, named Qualcomm Incorporated $QCOM+2.5% as one of the cheapest alternatives to Nvidia. He recently upgraded this stock from a "hold" rating to a "buy" rating.
- Growing market opportunities: according to Zin, this increase reflects $QCOM'+2.5% s growing overall market opportunities in artificial intelligence (AI) computing, smartphone content, and autonomous cars.
- Long-term winner in AI: "We consider it a long-term winner in AI in devices," Zino said. $QCOM+2.5% has established itself as a key player in AI through its innovative technologies and strategies.
- Improving demand in China: $QCOM is benefiting from improving demand in the Chinese market, where premium Android devices are selling well. This trend is positive for the company and brings new growth opportunities.
- New growth opportunities: the rise of Windows-based AI computers represents another significant growth opportunity for $QCOM+2.5%. This expansion into new market segments reinforces the company's long-term growth potential.
Qualcomm's technologies and strategic moves are making it a key player in AI and other advanced technologies.
