Qualcomm (QCOM) faces challenges in convincing Wall Street of its AI prospects despite resolving legal issues with Apple (AAPL). The chipmaker is working on AI solutions for mobile devices and cars, with recent acquisitions like Alphawave IP Group enhancing its capabilities. Qualcomm stock has underperformed but beat Q4 earnings estimates, with strong guidance for fiscal Q1. Analysts are split on QCOM stock, with a mix of “Hold”, “Buy”, and “Sell” ratings. The stock trades below its mean target price of $188.17, offering potential upside for investors. Wall Street remains cautious, but Qualcomm’s strong fundamentals suggest growth potential in the AI revolution.

Read more at Barchart: Qualcomm Wants to Beat Nvidia in AI Chips, but QCOM Stock Needs to Win Over Wall Street First