Qualcomm (QCOM) is making a strong move into the AI computing race, unveiling the AI200 and AI250 accelerator systems. These chips put Qualcomm in direct competition with Nvidia (NVDA), AMD, and Broadcom for the future of inference workloads. With a market capitalization of about $191 billion, Qualcomm’s AI accelerators prioritize inference over training, betting on AI deployment in billions of devices. The upcoming Nov. 5 earnings report is expected to show solid year-over-year growth. Qualcomm remains discounted relative to peers, trading at about 18x GAAP trailing earnings. Analyst sentiment is evenly split between bullish and neutral, with an average price target of $182 per share.

Read more at Barchart: Qualcomm Is Becoming an AI Company. That Means Earnings on November 5 Could Supercharge QCOM Stock.