From Yahoo Finance: 2025-04-14 17:30:00

In a recent report, QUALCOMM Incorporated (NASDAQ:QCOM) is examined as one of the best AI stocks to buy according to billionaires. The US economy’s optimism has been tempered by Trump administration measures like tariffs, impacting global stocks, especially those heavily invested in AI. IDC reports suggest supply chain disruptions and inflationary challenges due to these tariffs.

Goldman Sachs data reveals that hedge funds pulled out of bets in emerging markets of Europe and Asia ahead of new tariffs. Morgan Stanley’s research echoes this sentiment, with net leverage quickly falling to historical lows. JPMorgan notes the same trend, indicating a more conservative stance by hedge funds amid tariff uncertainties and volatility concerns.

QUALCOMM Incorporated (NASDAQ:QCOM) has achieved record revenue of $11.7 billion with a focus on on-device AI integration. With plans to reach $22 billion in non-handset revenues by 2029, CEO Cristiano Amon highlights the company’s edge AI opportunity. QCOM ranks 10th on the best AI stocks list, with potential for higher returns within a shorter timeframe compared to other AI stocks.

Billionaires have shifted positions on AI, previously praising it as a transformative technology. Research suggested AI could add trillions to the global economy annually. Despite this, some AI stocks have shown promising growth, surpassing popular AI stocks that have lost value in 2025. For investors seeking a lucrative AI stock trading at less than 5 times earnings, explore the report on the cheapest AI stock.

For more information on AI stocks, consider reading about the 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities. Insider Monkey’s database identifies 30 stocks with the most billionaire investors, showing potential for market outperformance by mimicking top hedge fund picks.

Read more: Qualcomm (QCOM) Hits Record $11.7B Revenue, Bets Big on On-Device AI