QUALCOMM Incorporated (NASDAQ:QCOM) is considered one of the best large cap stocks to invest in for the long term. Citi analyst Christopher Danely recently reiterated a Hold rating on QCOM with a $180 price target. The company is known for developing and commercializing foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity, as well as high-performance and low-power computing, including on-device AI.
In a recent announcement, QUALCOMM Incorporated (NASDAQ:QCOM) revealed plans to open a new Qualcomm AI Engineering Center at HUMAIN in Riyadh in collaboration with PIF company. This initiative aims to support HUMAIN’s rollout of 200 megawatts of data center capacity based on Qualcomm’s advanced Cloud AI solutions, starting in 2026. The partnership between the two entities will bring advanced AI infrastructure to Saudi Arabia, powered by Qualcomm’s Cloud AI hardware and software, providing high-performance AI inference services globally and in the Kingdom.
While QCOM presents a promising investment opportunity, some AI stocks may offer greater upside potential and lower downside risk. For investors seeking an undervalued AI stock that could benefit from Trump-era tariffs and the onshoring trend, exploring other options may be worthwhile. One such option can be found in our free report on the best short-term AI stock.
In conclusion, QUALCOMM Incorporated (NASDAQ:QCOM) continues to be a key player in the wireless industry, with a focus on cutting-edge technologies like 5G connectivity and on-device AI. The company’s collaboration with HUMAIN in Saudi Arabia highlights its commitment to advancing AI infrastructure globally. While QCOM remains a solid investment choice, exploring other AI stocks may provide investors with even greater opportunities for growth.
