Why is Qualcomm's stock considered cheap according to the report?

Analysts believe Qualcomm's stock is undervalued given its growth potential in the AI market.

Which sectors is Qualcomm targeting in AI?

Qualcomm is targeting mobile devices, automotive, and IoT.

Qualcomm Is Remaking Itself Into an AI Company. Its Shares Look Dirt Cheap.

Qualcomm (QCOM) is repositioning itself as an AI company, integrating AI capabilities into its chips. According to Motley Fool, the stock looks cheap relative to its potential in the growing AI market.

June 29, 2026

2 min read

Source: Motley Fool

Qualcomm (NASDAQ: QCOM) is undergoing a strategic transformation to become an artificial intelligence company, with its shares appearing undervalued amid this shift, according to a report by Motley Fool.

Details

Qualcomm, traditionally known for mobile phone chips, is increasingly embedding AI capabilities into its products, particularly in image processing, audio, and on-device machine learning. The company sees growing demand for AI applications in mobile, automotive, and IoT as a major growth opportunity.

Context

This transformation comes amid intense competition from MediaTek and Apple in the chip market, as well as regulatory challenges in key markets like China. However, analysts believe Qualcomm's AI focus could provide a competitive edge.

What It Means for Investors

While Qualcomm has not provided specific revenue guidance for AI, its strategic pivot could enhance the stock's valuation over the long term. Investors should monitor the execution of this strategy and its financial impact.

Frequently Asked Questions

Qualcomm is shifting from a mobile chip company to an AI-focused company by integrating AI capabilities into its products.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.