Analysts Bullish on Qualcomm Inc. (QCOM) As It Completes Alphawave Semi Acquisition

Qualcomm Inc. (NASDAQ:QCOM) is one of the 10 Most Undervalued Semiconductor Stocks to Invest in. On December 16, C J Muse of Cantor Fitzgerald maintained his Buy rating on Qualcomm Inc. (NASDAQ:QCOM) and raised the price target from $150 to $185. The research firm’s price target remains well below the $200 median target per CNN’s compilation of 36 analyst ratings.

The company has also announced on December 18 that it completed the acquisition of Alphawave Semi. The acquisition is intended to help Qualcomm enter the data center market, a move it made earlier this year after exiting the market in 2018.

Qualcomm Inc. (NASDAQ:QCOM) continues to surge amid analyst optimism and positive developments. The company’s Snapdragon Cockpit Elite technology will be on display at the CES 2026, according to LG Electronics’ press release on December 10. LG is set to showcase its Qualcomm-powered AI Cabin Platform at the event.

Qualcomm’s technology will enable the AI Cabin to perform all AI calculations on the device without requiring a connection to any external server. This will significantly improve real-time AI assistance. The press release mentioned examples where this technology will be useful. If a driver fails to notice a merging vehicle, they can be quickly alerted by the Qualcomm System-on-Chip (SoC). The lack of a cloud connection also reduces vulnerabilities, such as latency and hacking.

Qualcomm Inc. (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry worldwide. The company is operating through Qualcomm Technology Licensing (QTL), Qualcomm CDMA Technologies (QCT), and Qualcomm Strategic Initiatives (QSI).

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.