BofA Lifts PT on QUALCOMM (QCOM) – Here’s Why - Yahoo! Finance Canada

Bank of America raised Qualcomm's (QCOM) price target from $165 to $195 on May 23, 2026, while maintaining an 'Underperform' rating. The move came ahead of Qualcomm's investor day, signaling a shift i... Read original →

Qualcomm’s pivot from smartphone SoCs to edge and automotive AI triggers a critical tech-stack ripple: integrating Modular’s compiler infrastructure with its RISC-V roadmap could challenge CUDA’s dominance in on-device inference. Yet, CFIUS scrutiny of the $4B deal risks delaying integration, while concentrated advanced packaging capacity in Taiwan, China and South Korea heightens supply chain fragility. NVIDIA is locking automakers via Omniverse, and MediaTek’s Dimensity AI chips are eroding mid-tier share—squeezing Qualcomm from both ends. If gross margins on AI PCs and cockpit platforms stay below 30% over the next 18 months, the market will repricing its AI transformation story, capping QCOM’s upside near $180.