Susquehanna Reiterates Bullish Stance on QUALCOMM (QCOM) Stock

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the Most Undervalued Semiconductor Stocks to Buy According to Analysts. On July 31, Susquehanna analyst Christopher Rolland reiterated the bullish stance on the company’s stock, providing a “Buy” rating. The analyst’s rating is backed by a combination of factors, such as QUALCOMM Incorporated (NASDAQ:QCOM)’s ongoing strength in the Auto and IoT sectors.

As per the analyst, the company’s strategic partnerships, like the multi-year agreement with Xiaomi, and expansion into the data center space via the acquisition of Alphawave Semi, demonstrate its growth potential. QUALCOMM Incorporated (NASDAQ:QCOM)’s efforts in developing AI inference accelerator cards and custom SoCs, together with engagement with potential customers, further aid the optimistic outlook. Such factors, coupled with better-than-expected gross margins and a positive revenue forecast, support the analyst’s rating.

For Q4 2025, QUALCOMM Incorporated (NASDAQ:QCOM) expects revenues in the range of $10.3 billion – $11.1 billion, while non-GAAP diluted EPS is expected to be between $2.75 – $2.95.

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.

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Disclosure: None. This article is originally published at Insider Monkey.