AI and Connectivity Drive Qualcomm’s Growth: Analyst Eyes Flourishing Prospects Amidst Inventory Corrections

Mizuho analyst Vijay Rakesh reiterated Qualcomm Inc (NASDAQ:QCOM) with a Buy and a $140 price target. The analyst listed his CFO Akash Palkhiwala’s call takeaways.

AI at the Edge added features driving 7 billion – 70 billion AI training and new use cases with content creation, security, and smart recommenders, with QTL benefiting from QCT pull-through.