Daiwa Upgrades QUALCOMM (QCOM) to Outperform

On May 8, 2026, Daiwa expert Louis Miscioscia upgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Outperform from Neutral and raised the firm’s terms people to $225 from $140. The expert said Qualcomm’s fiscal Q2 results were mixed, with beardown maturation successful Automotive and IoT offset by weaker handset show and softer Q3 guidance. Daiwa added that capitalist attraction is progressively shifting toward Qualcomm’s emerging information halfway AI CPU opportunity, which could let the institution to payment from broader Arm-based AI inference trends portion trading astatine a comparatively debased valuation compared to different semiconductor names.

On the aforesaid day, Tigress Financial raised its terms people connected QUALCOMM Incorporated (NASDAQ:QCOM) to $280 from $270 portion maintaining a Buy rating. The steadfast said Qualcomm is becoming an progressively charismatic concern accidental arsenic it expands beyond wireless technologies into AI-driven connectivity crossed devices, vehicles, and information centers.

On May 1, 2026, Baird raised its terms people connected QUALCOMM Incorporated (NASDAQ:QCOM) to $300 from $177 portion maintaining an Outperform standing pursuing the company’s fiscal Q1 results.

On April 29, 2026, QUALCOMM Incorporated (NASDAQ:QCOM) reported fiscal Q2 EPS of $2.65, versus the $2.56 statement estimate, portion gross totaled $10.60B compared to expectations of $10.58B. The institution said results were successful enactment with guidance and reflected coagulated execution contempt what it described arsenic a challenging representation environment. Qualcomm besides said the emergence of AI agents is reshaping its merchandise roadmap crossed platforms and highlighted its introduction into the information halfway market, wherever a customized silicon engagement with a starring hyperscaler remains connected way for archetypal shipments aboriginal this year. The institution said it expects to supply further updates connected its information halfway and Physical AI initiatives during its June 24 capitalist day.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational wireless technologies globally.

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