Qualcomm Incorporated (QCOM) has acquired Alphawave Semi for $2.4 billion to expand into high-growth applications like data centers and AI. Alphawave delivers connectivity products for faster, more reliable data transfer in 5G, AI, and data centers, boosting Qualcomm’s AI innovation. Advanced Micro Devices (AMD) and Intel Corporation (INTC) also advance in AI chips with new products.

Qualcomm’s stock has gained 10.7% in the past year, trading at a forward P/E ratio of 14.3. Earnings estimates for fiscal 2026 and 2027 have increased to $12.15 and $12.60 per share. Qualcomm carries a Zacks Rank #3 (Hold). Five stocks set to double are highlighted, picked for their growth potential and resilience, offering opportunities for significant gains. Download Atomic Opportunity for insights on nuclear energy’s comeback.

Read more at Nasdaq: Can Completion of Qualcomm’s Alphawave Buyout Deal Propel Its Shares?