QUALCOMM Incorporated (NASDAQ:QCOM) is one of the top 12 autonomous driving stocks to invest in. UBS maintains a Neutral rating on QCOM, reducing price target to $160 from $185. Mizuho also downgrades the company’s price target to $160 from $175, predicting a 4% decrease in global handset shipments due to memory constraints and pricing pressures.

On February 5, 2026, Reuters reported that QUALCOMM expects lower second-quarter revenue and earnings due to a global memory chip shortage affecting smartphone users. Shares dropped 9% in after-hours trading, bringing the total year-to-date decline to over 13%. CEO Cristiano Amon attributed the projection failure to memory constraints and rising memory prices in the mobile device industry.

QUALCOMM Incorporated (NASDAQ:QCOM) is a company that develops and distributes semiconductors, software, and wireless technology solutions. While QCOM shows investment potential, other AI stocks may offer greater upside potential with less downside risk. Investors looking for undervalued AI stocks can refer to a free report on the best short-term AI stock.

Read more at Yahoo Finance: UBS Keeps a Neutral Rating on QUALCOMM Incorporated (QCOM)