Bernstein Highlights Qualcomm (QCOM) as Strong Investment Choice, Keeps Rating

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 10 Best American Semiconductor Stocks to Buy Now. On June 3, Bernstein SocGen Group analysts reiterated an “Outperform” rating for QUALCOMM Incorporated (NASDAQ:QCOM) and kept their price target at $185.

This decision comes after the firm took part in a Best Ideas panel at Bernstein’s 41st annual Strategic Decisions Conference the previous week.

During the panel, QUALCOMM Incorporated (NASDAQ:QCOM) was described as one of the more interesting and unconventional investment ideas by the firm’s analysts. Bernstein SocGen Group analysts pointed out that while QUALCOMM Incorporated (NASDAQ:QCOM) might not be their top pick, it is still an attractive choice because of its strong market position.

QUALCOMM Incorporated (NASDAQ:QCOM) is an American multinational corporation that creates semiconductors, software, and services related to wireless technology. The company’s portfolio includes products for processors, modems, platforms, RF systems, and connectivity.

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: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds.

Disclosure: None.