Reported 5 months ago
Analysts have revised Qualcomm's stock price target following a deal with Microsoft, which includes the integration of Qualcomm's Snapdragon chips into AI-ready PCs like the Surface Laptop and Surface Pro tablet. Microsoft's Azure AI Studio will also incorporate OpenAI's ChatGPT-4o, further boosting Qualcomm's position in the AI PC market. The move is expected to drive PC market growth and consumer upgrades, prompting analysts to raise Qualcomm's price target to $240 from $200 and highlighting the company's diversification beyond smartphones. Benchmark analyst Cody Acree views Qualcomm's potential share gains in the AI PC market as a significant investment driver, positioning the company as a direct competitor in the mainstream laptop market for the first time.
Source: YAHOO