Cantor Fitzgerald analyst C.J. Muse raised the firm’s price target on Qualcomm (QCOM) to $185 from $170 and keeps a Neutral rating on the shares. The SOX is positioned to lead markets higher after outperforming the S&P by roughly 30 points in CY25, supported by the early stages of the AI era driving demand across compute, networking, memory, and equipment, the analyst tells investors in a research note. While cyclical factors may create mixed signals, the macro backdrop and expected exponential growth in AI infrastructure spending support a long position in the SOX and overweight exposure to AI-related plays into CY26, the firm says.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QCOM:
- Trump Weekly: Nvidia AI chips unusual review, marijuana order expected
- Trump Trade: Trump aiming to reduce restrictions on marijuana
- Plan on R&D tax breaks to come as soon as next week, Bloomberg says
- China’s ZTE may be required to pay over $1B to U.S., Reuters reports
- Qualcomm Board Approves Bylaw Amendments for Stockholders