Qualcomm Inc. QCOM has expanded into mid-range AI desktops and laptops powered by Snapdragon X chips. This SoC is the fourth product in the Snapdragon X processor line, following the launch of the Snapdragon X Plus 8-core, Snapdragon X Plus, and Snapdragon X Elite series. The Snapdragon X chip, based on a 4-nanometer process, consists of an eight-core Oryon central processor, a graphics component, and a neural processing unit (NPU). NPUs accelerate AI workloads to 45 TOPS (trillions of operations per second), making them the ideal platform to power Microsoft's AI-first flagship Windows hardware vision, Copilot+PC.
AI PCs include additional processors specifically designed to accelerate AI capabilities. This specialized hardware powers features such as personal assistants and task automation. One of the key selling points of AI PCs is improved battery life. Qualcomm's chip, based on a design by Arm Holdings Plc, promises to last for long periods of time without frequent charging.
Leveraging processors with multi-core CPUs with cutting-edge features, superior graphics, and world-class network connectivity, the Qualcomm Snapdragon mobile platform delivers high speed and power efficiency. Smartphones and mobile devices built on the Snapdragon mobile platform enable superior 4G LTE and 5G connectivity with immersive augmented and virtual reality experiences, superior camera capabilities, and cutting-edge security solutions.
Technology companies focused on AI
NVIDIA Corporation NVDA is rapidly gaining traction in the enterprise AI space, expanding its market beyond cloud providers. Leading companies across industries are integrating NVIDIA's AI platform to automate workflows, increase productivity, and improve decision-making. Adoption of the company's DGX Cloud AI infrastructure, which enables enterprises to train and deploy AI models at scale, is on the rise. CUDA software and AI framework enhancements strengthen NVIDIA's ecosystem and make NVIDIA the preferred choice for companies developing AI applications. AI adoption is expected to accelerate from 2025 onwards, making NVIDIA's software and AI cloud solutions a key revenue driver.
Intel Corporation INTC is investing to expand its manufacturing capabilities to accelerate its IDM 2.0 (Integrated Device Manufacturing) strategy. The company is making various decisions to gain a stronger foothold in the expanding field of AI. Xeon 6 processors with performance cores (P-cores) can support large-scale AI workloads across various sectors. With industry-leading features in AI processing, the Xeon 6 family delivers the industry's best CPU for AI at a lower total cost of ownership. Intel's innovative AI solutions have the potential to benefit the broader semiconductor ecosystem by lowering costs, improving performance, and promoting an open and scalable AI environment.
QCOM Price Performance, Ratings and Quotes
Qualcomm stock is up 13% over the past year, compared to industry growth of 41%.
In terms of price-to-earnings ratio, the company's stock is currently trading at 14.16 times forward earnings, which is lower than the industry's 34.14 times.
The company's fiscal 2026 earnings estimate is $12.15 per share, an increase of 2% over the past 60 days, and the fiscal 2027 earnings estimate is $12.6, an increase of 3.4% per share.
Qualcomm currently carries a Zacks Rank #3 (Hold). You can see See the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This article originally appeared on Zacks Investment Research (zacks.com).
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