QUALCOMM Incorporated (QCOM): Among Billionaire Chase Coleman's Stocks with Huge Upside Potential

We recently published a list of Billionaire Chase Coleman’s 10 Stocks with Huge Upside Potential. In this article, we are going to take a look at where QUALCOMM Incorporated (NASDAQ:QCOM) stands against other Billionaire Chase Coleman’s stocks with huge upside potential.

Equity markets achieved an unprecedented winning streak over the past two years at the back of an artificial intelligence-driven run. Major US indices were on a roll, soaring to record highs as investors tailored their investments to opportunities around the revolutionary technology. Chase Coleman is one hedge fund manager who benefited from the impressive run by investing his hedge fund’s money in some of the top-performing AI stocks.

Founded by Coleman in 2001, Tiger Global Management LLC was one of the best-performing hedge funds after gaining 24% in 2024. The impressive return came on the billionaire investor betting on some of the biggest companies with significant exposure to artificial intelligence.

Fast forward, Coleman is one of the most significant casualties of the broader stock market correction. With the S&P 500 pulling back by about 6% and tech-heavy Nasdaq down by about 8%, the billionaire investor has felt the full brunt of the artificial intelligence-driven run cooling off. A good number of Tiger Global Management stock holdings have shed more than 10% in market value as the overall stock market correction gathers steam.

READ ALSO: Billionaire Seth Klarman’s 10 Stock Picks with Huge Upside Potential and Billionaire Andreas Halvorsen’s 10 Stock Picks With Huge Upside Potential.

While up to 20% pullbacks might rattle most investors, billionaire Investor Coleman’s strategy focuses on long-term investing. Consequently, he is never perturbed by short-term market corrections. Coleman continues to maintain significant holdings in tech giants on expectations the segment will continue growing amid the artificial intelligence boom.

“Think about it in terms of companies investing in these technologies, and how well they use it,” he said, giving the example of Amazon using ChatGPT to facilitate shopping. “It’s going to be gradual. Be patient.”

Our Methodology

We combed Tiger Group Management LLC SEC Q4 2024 13F filings to identify Billionaire Chase Coleman’s 10 Stocks with Huge Upside Potential. We focused on stocks that have pulled back significantly and therefore command significant upside potential. We then analyzed the stocks on why they stand out, as solid value investments. Finally, we ranked the stocks in ascending order based on their upside potential.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

QUALCOMM Incorporated (NASDAQ:QCOM)

Tiger Global Management LLC’s Stake Value: $285.38 Million

Upside Potential as of April 30: 34.89%

Number of Hedge Fund Holders: 79

QUALCOMM Incorporated (NASDAQ:QCOM) is a technology company that designs and manufactures semiconductors and wireless telecommunications products, including mobile chipsets. It also engages in research and standardization efforts related to mobile telecommunications, owning patents for various standards like 5G, 4G, and others.

At a time when most chip companies are under immense pressure, QUALCOMM Incorporated (NASDAQ:QCOM) has held steady, supported by solid financial results. The company has beaten earnings estimates in its nine most recent quarters, suggesting it will continue doing so in 2025. While there have been concerns that Apple could end up phasing out the company’s modems in the second half of the year, it continues to enjoy strong momentum in the automotive sector driven by new vehicle launches.

JPMorgan has reiterated an Overweight rating on the stock with a $185 price target buoyed by the company’s push to diversify its streams away from smartphone revenues. QUALCOMM Incorporated (NASDAQ:QCOM) is increasingly reducing its dependence on smartphone sales amid a renewed focus on Internet of Things solutions.

Additionally, QUALCOMM Incorporated (NASDAQ:QCOM) is pursuing opportunities around AI. It has completed the acquisition of Vine’s generative AI division, marking its continued expansion in the AI tooling sector. In addition, reports indicate the company is contemplating acquiring UK-based Alphawave IP Group PLC, which designs high-speed connectivity solutions used in data centers that train and run AI technology.

Overall, QCOM ranks 7th on our list of Billionaire Chase Coleman’s stocks with huge upside potential. While we acknowledge the potential of QCOM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than QCOM but that trades at less than 5 times its earnings check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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