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Qualcomm Stock Surges on AI Expansion and Analyst Optimism

Qualcomm Stock Surges on AI Expansion and Analyst Optimism

Published:
2025-10-28 07:28:03
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BTCCSquare news:

Qualcomm's strategic push into artificial intelligence is resonating with investors. The semiconductor firm's shares jumped 11.09% after unveiling new data center AI chips and a significant Middle Eastern partnership, with pre-market gains extending the rally.

Bernstein's top analyst Stacy Rasgon maintains a bullish $185 price target, noting Qualcomm's established position in AI accelerators now gains fresh momentum. The AI200 and AI250 chips slated for 2026-2027 release position the company to challenge Nvidia's dominance.

A 200-megawatt deployment deal with Saudi Arabia's Humain underscores the geopolitical dimensions of the AI hardware race. "This isn't just about silicon—it's about securing compute sovereignty," observed one industry watcher.

|Square

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