Qualcomm (QCOM) is a top buy due to its new AI data center chip deal with ByteDance and its proven ability to expand into new markets, making it undervalued despite recent gains.
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Massive News for Qualcomm Stock Investors | QCOM Stock Analysis
Parkev Tatevosian, CFAMay 28, 2026
Qualcomm (QCOM) has secured a significant deal to supply chips for AI data centers to ByteDance, the owner of TikTok. This development, coupled with Qualcomm's proven success in expanding beyond its core smartphone market into automotive and personal computers, strengthens the company's prospects in the high-demand AI data center space. Despite a recent 68% stock price surge, the analyst maintains a bullish outlook, believing the stock remains undervalued with a fair value estimate significantly higher than its current trading price.
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QCOM
buy opened May 28, 2026
-1.01%