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QUALCOMM Incorporated (NASDAQ:QCOM) is included among the Best Dividend Stocks for the Best Retirement Portfolio.
QUALCOMM Incorporated (NASDAQ:QCOM) is a leading developer and manufacturer of semiconductors, software, and wireless technology solutions, with a strong focus on 5G, Wi-Fi, and artificial intelligence.
In recent quarters, QUALCOMM Incorporated (NASDAQ:QCOM) had hinted at expanding into datacenter accelerator cards and system-on-a-card solutions. The company has now officially introduced its AI200 and AI250 accelerator cards and racks, designed specifically for AI inference. Wells Fargo analyst Aaron Rakers noted that Qualcomm’s emphasis on rack-scale systems came as a surprise.
The analyst highlighted that competition in the space is intensifying, with Intel’s Crescent Island, AMD’s MI platform and upcoming Helios rack-scale design, and Nvidia’s Rubin CPX all targeting similar markets. Wells Fargo also pointed out QUALCOMM Incorporated (NASDAQ:QCOM)’s recent deal with Saudi Arabia’s Humain, which plans to deploy 200MW of Qualcomm AI systems beginning in 2026, a contract estimated to carry about $2 billion in potential revenue.
Wells Fargo maintains an Underweight rating on QCOM with a $140 price target. Despite competitive pressures, QUALCOMM Incorporated (NASDAQ:QCOM) remains an attractive choice for income investors, supported by its consistent dividend payouts. The company has raised its dividends for 21 consecutive years.
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: 10 Best Beaten Down Dividend Stocks to Buy Right Now and 11 High-Yield Dividend Stocks for Steady Cash Flow.
Disclosure: None.
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