Qualcomm Is the Most Underrated AI Chipmaker to Buy - Yahoo Finance

Qualcomm, a leading mobile chipmaker, has underperformed compared to NVIDIA and Broadcom over the past five years due to its late entry into the AI chip market. However, a recent strategic announcemen... Read original →

Qualcomm’s AI infrastructure bet hinges on transferring its mobile power-efficiency edge to data centers. Its custom ASICs could slash inference energy use by over 30%, pressuring NVIDIA to boost Grace-Hopper’s performance-per-watt. However, U.S. export controls complicate access to advanced packaging in Taiwan, China—potentially delaying 2026 volume production. In response, Broadcom may accelerate AI software integration post-VMware, while NVIDIA could deploy Blackwell Ultra to dominate mid-tier inference. Over the next 18 months, Qualcomm’s real test isn’t silicon—it’s locking in hyperscalers like Microsoft and Google into a closed-loop ecosystem. Success would reframe its valuation from a cyclical smartphone play to a core AI infrastructure growth story, unlocking multi-billion-dollar recurring revenue streams.