Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion

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On May 9, Tigress Financial Partners raised its terms proposal connected QUALCOMM Incorporated (NASDAQ:QCOM) to $280 from $270. It reiterated a Buy standing connected the shares. The steadfast said it sees Qualcomm arsenic an “increasingly compelling concern opportunity” arsenic the institution continues shifting from a wireless pioneer into a cardinal subordinate successful intelligent connectivity and AI crossed devices, vehicles, and information centers.

During its net telephone for fiscal Q2 2026, Executive VP, CFO & COO Palkhiwala stated that the institution expects 3rd fiscal 4th revenues to scope betwixt $9.2 cardinal and $10 billion, with non-GAAP EPS projected betwixt $2.10 and $2.30. Palkhiwala besides noted that QCT handset revenues are expected to beryllium astir $4.9 cardinal owed to the interaction of industry-wide representation dynamics. He added that the institution present expects QCT handset revenues from Chinese customers to bottommost retired successful the 3rd 4th earlier returning to sequential maturation successful the pursuing quarter.

In QCT Automotive, Palkhiwala said the institution anticipates year-over-year gross maturation to accelerate further to astir 50% successful the 3rd fiscal quarter.

QUALCOMM Incorporated (NASDAQ:QCOM) is engaged successful the improvement and commercialization of foundational technologies for the wireless industry, on with high-performance and low-power computing, including on-device artificial intelligence.

While we admit the imaginable of QCOM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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