J.P. Morgan analyst Samik Chatterjee has maintained their bullish stance on QCOM stock, giving a Buy rating today.
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Samik Chatterjee has given his Buy rating due to a combination of factors that highlight Qualcomm’s strategic advancements in the AI datacenter market. Qualcomm’s recent announcement of AI datacenter solutions, including the AI200 and AI250, marks its entry into the elite group of AI silicon vendors. This move is expected to generate significant revenue, with commercialization anticipated earlier than initially projected, starting in 2026.
Qualcomm’s focus on AI inference solutions, rather than training, provides a unique differentiation from existing industry leaders. The partnership with HUMAIN, which implies a potential $3 billion revenue opportunity, underscores Qualcomm’s capability to capture a healthy share of the expanding AI accelerator market. These developments, combined with the large and rapidly growing AI accelerator total addressable market (TAM), are likely to drive a valuation premium for Qualcomm, making it an attractive investment opportunity.
Chatterjee covers the Technology sector, focusing on stocks such as Apple, Amphenol, and Dell Technologies. According to TipRanks, Chatterjee has an average return of 12.3% and a 66.60% success rate on recommended stocks.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $200.00 price target.