The actionable market signal in the article is the analyst update (Neutral rating reiterated, price target raised). However, it’s framed as an article/opinion rather than new company financial results, limiting near-term impact.
Is QUALCOMM, Inc. (QCOM) A Top AI Stock to Buy According to Billionaire Philippe Laffont? Neha Gupta Mon, July 6, 2026 at 12:50 AM GMT+2 2 min read QCOM QUALCOMM, Inc.
(NASDAQ: QCOM ) is one of the top AI stocks to buy according to billionaire Philippe Laffont . On June 29, Mizuho analyst Vijay Rakesh reiterated a Neutral rating on QUALCOMM, Inc. (NASDAQ:QCOM) and hiked the price target to $210 from $170.
The new price target represents significant upside potential as the stock is trading at about $184 a share. Is QUALCOMM, Inc. (QCOM) A Top AI Stock to Buy According to Billionaire Philippe Laffont?
Kārlis Dambrāns/Flickr The Mizuho analyst remains bullish on the company's long-term prospects, citing burgeoning opportunities in data centers and auto ramps. The strong demand is expected to offset potential headwinds in the company's consumer handsets segment. The sentiments come on the heels of Qualcomm asserting it is positioned to generate $15 billion in sales from its data center business by 2029.
The robust revenue growth will come as the company moves beyond core smartphone chips. Chief Financial Officer Akash Palkhiwala expects the data center business to generate $5 billion in revenue in fiscal 2027, with $1 billion from new custom chip customers. Qualcomm expects more than $40 billion in revenue from chips outside the smartphone stronghold by 2029, up from the previous target of $22 billion.
QUALCOMM, Inc. (NASDAQ:QCOM) is expanding from a smartphone chipmaker into a platform provider for "edge" AI (processing AI directly on devices) and data center AI infrastructure. Their AI strategy focuses heavily on power efficiency, real-time agentic AI, and software ecosystems.
While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 9 Best Energy Dividend Stocks to Invest In Now and 10 Best Dividend Aristocrat Stocks To Buy Now .
Disclosure: None. Follow Insider Monkey on Google News .
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