Qualcomm Stock Price Prediction: 36% Upside the Analysts Are Missing - Yahoo Finance

Qualcomm's stock experienced a sharp decline ahead of its Investor Day, yet analysts predict a 36% upside over the next 12 months, suggesting analysts are missing key growth signals. While handset sal... Read original →

Qualcomm’s pre-Investor Day stock dip obscures its structural pivot. Technically, if its AI chips leverage the MAX inference framework and Mojo to build a CUDA-alternative stack, it will spur HBM demand—benefiting SK Hynix—and erode NVIDIA’s edge-AI dominance. Tightening U.S. export controls paradoxically accelerate Qualcomm’s localization in automotive and IoT supply chains, reducing geopolitical exposure. Competitively, MediaTek and Samsung may rush car-grade SoC rollouts, while NVIDIA could retaliate with Grace CPU–AI software bundling. Over the next 12–24 months, success in hyperscaler silicon partnerships—especially with Modular or Tenstorrent—would close the loop from endpoint to cloud, decoupling valuation from handset cycles and anchoring it in AI infrastructure. The projected 36% upside is thus conservative.