Analysts Watch QUALCOMM Incorporated (QCOM)’s Expanding AI Data Center Footprint

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As of December 26, QUALCOMM Incorporated (NASDAQ:QCOM) has a ‘Buy’ or equivalent rating from half of the analysts covering the stock. With a median price target of $200, the stock has an upside potential of 14.28%. Among the analysts bullish on the stock is Fang Boon Foo, an analyst at DBS, who maintained a ‘Buy’ rating on the company on December 5 and a price target that mirrored the consensus estimate.Later, on December 18, QUALCOMM Incorporated (NASDAQ:QCOM) announced the completion of its acquisition of Alphawave IP Group plc, a quarter ahead of the expected timeline. This acquisition is a testament to the company’s strategy of establishing a foothold in the data center market. CEO and co-founder of Alphawave Semi, Tony Pialis, will lead the company’s data center business.“Alphawave Semi’s expertise in high-speed connectivity technologies complements our Qualcomm Oryon CPU and Hexagon NPU processors,” stated Cristiano Amon, President and CEO of QUALCOMM Incorporated (NASDAQ:QCOM). “The addition of Alphawave’s technologies will strengthen our platforms and optimize performance for next-generation AI data centers.”Kārlis Dambrāns/FlickrThe venture aims to create a leading player in AI compute and connectivity solutions across several fast-growing markets, particularly data center applications.Separately, on December 16, C.J. Muse from Cantor Fitzgerald lifted the price target on QUALCOMM Incorporated (NASDAQ:QCOM) to $185 from $170 and maintained a ‘Neutral’ rating. The firm’s confidence in SOX (Philadelphia Semiconductor Index) to lead the market is driven by its outperformance versus S&P by approximately 30 points in CY25, The Fly reported.QUALCOMM Incorporated (NASDAQ:QCOM), headquartered in California, is a digital telecommunications provider operating across three segments: Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives.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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.Disclosure: None.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,906.37 -23.57 (-0.34%)Dow 3048,661.07 -49.90 (-0.10%)Nasdaq23,442.40 -150.70 (-0.64%)Russell 20002,534.35 -13.73 (-0.54%)VIX15.04 +1.44 (+10.59%)Gold4,416.30 -136.40 (-3.00%)Trending tickersBTC-USD Bitcoin USD 87,405.80 -484.34 (-0.55%)DBRG DigitalBridge Group, Inc. 15.27 +1.34 (+9.62%)SOPA Society Pass Incorporated 2.3650 +0.5450 (+29.95%)FTEL Fitell Corporation 0.8849 +0.1550 (+21.24%)ETH-USD Ethereum USD 2,928.25 -14.55 (-0.49%)PortfolioSign in to access your portfolioSign inTop gainersELPC Companhia Paranaense de Energia 9.65 +0.79 (+8.92%)PSLV Sprott Physical Silver Trust 26.04 +2.08 (+8.68%)CPNG Coupang, Inc. 24.50 +0.22 (+0.89%)SBSW Sibanye Stillwater Limited 14.43 -1.26 (-8.06%)CEF Sprott Physical Gold and Silver Trust 48.97 +1.77 (+3.75%)Top losersRGC Regencell Bioscience Holdings Limited 21.09 -0.07 (-0.33%)FLY Firefly Aerospace Inc. 22.98 -0.36 (-1.56%)TMC TMC the metals company Inc. 6.63 -0.19 (-2.84%)AAOI Applied Optoelectronics, Inc. 36.91 -0.26 (-0.70%)WRBY Warby Parker Inc. 24.31 +0.14 (+0.57%)Most activeNVDA NVIDIA Corporation 186.06 -4.47 (-2.35%)TSLA Tesla, Inc. 466.41 -8.79 (-1.85%)ONDS Ondas Holdings Inc. 8.26 -0.22 (-2.59%)NIO NIO Inc. 5.13 +0.01 (+0.29%)BBAI BigBear.ai Holdings, Inc. 5.67 -0.06 (-0.97%)Top economic eventsEarnings eventsMy earnings eventsEarnings events