QUALCOMM Incorporated (NASDAQ:QCOM) is considered one of the most undervalued tech giants to buy, with analysts giving it a ‘Buy’ or equivalent rating and a median price target of $200, indicating a potential 14.28% upside. The recent acquisition of Alphawave IP Group plc aims to bolster the company’s presence in the data center market, with CEO Tony Pialis leading the data center business. This move complements QUALCOMM’s existing technologies and strengthens its platforms for next-generation AI data centers. Cantor Fitzgerald raised QUALCOMM’s price target to $185 and maintained a ‘Neutral’ rating, expressing confidence in the company’s performance in the semiconductor market compared to the S&P. QUALCOMM operates in three segments: Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives. While QCOM shows promise as an investment, some AI stocks may offer greater potential with lower risk. To explore opportunities in the AI sector, consider examining our report on the best short-term AI stock.

Read more at Yahoo Finance: Analysts Watch QUALCOMM Incorporated (QCOM)’s Expanding AI Data Center Footprint