Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTRamish CheemaWed, June 24, 2026 at 9:01 PM GMT+2 2 min readWe recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. QUALCOMM Inc. (NASDAQ:QCOM) is one of the long-term stock picks.Appaloosa Management has held QUALCOMM Inc. (NASDAQ:QCOM)'s shares since the first quarter of 2021. From Q1 2012 to Q1 2014, the fund continuously held the shares. It then briefly held them in 2016 before re-entering the position in the fourth quarter of 2020. Following the disclosure of 515,500 shares for Q2 2020, Appaloosa continued to hold its stake in QUALCOMM Inc. (NASDAQ:QCOM) until the third quarter of 2021. It then re-entered in the second quarter of 2023 and has held a stake since then. Appaloosa's latest stake in QUALCOMM Inc. (NASDAQ:QCOM) is worth $64 million.NICE (NICE) Upgraded to Buy by DA Davidson as AI Disruption Fears Ease Pixabay/Public DomainLike other chip designers, QUALCOMM Inc. (NASDAQ:QCOM) is also busy making moves in the AI industry. The firm announced on June 9th that it was working with oil and gas exploration and production equipment provider SLB. Through the deal, the two firms will cooperate on AI processing, edge computing and Internet-of-Things (IoT) use cases. QUALCOMM Inc. (NASDAQ:QCOM) has also entered into an agreement to provide Chinese technology conglomerate ByteDance with AI chips to power up AI agents.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: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info