NVIDIA's Stock Performance: NVIDIA Corporation (NVDA) shares have surged 27.4% over the past six months, outperforming the semiconductor industry and major competitors like Qualcomm and Texas Instruments, driven by strong demand for AI-related products.
Data Center Growth: The Data Center segment generated $51.22 billion in revenues, accounting for 89.8% of total sales, with a 66% year-over-year increase, fueled by the demand for advanced GPU computing platforms for AI applications.
Financial Strength and Outlook: NVIDIA reported a 62% revenue increase and a 60% rise in non-GAAP earnings per share in the third quarter of fiscal 2026, with expectations for continued growth and a strong gross margin of 75% in the upcoming quarter.
Valuation and Investment Potential: Despite its stock rally, NVIDIA trades at a reasonable forward P/E of 27.26X, making it an attractive investment option, supported by strong fundamentals and a Zacks Rank #1 (Strong Buy) rating.
QCOM
$176.12+Infinity%1D
Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCOM is 198.00 USD with a low forecast of 165.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
Wall Street analysts forecast QCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCOM is 198.00 USD with a low forecast of 165.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Buy
5 Hold
1 Sell
Moderate Buy
Current: 179.260
Low
165.00
Averages
198.00
High
225.00
Current: 179.260
Low
165.00
Averages
198.00
High
225.00
Citi
Neutral
maintain
2025-11-19
Reason
Citi
Price Target
2025-11-19
maintain
Neutral
Reason
Citi believes Qualcomm (QCOM) may be evaluating Intel Foundry (INTC) for its data center application-specific integrated circuits business, which represents less than 1% of its sales. Citi found Qualcomm job postings with qualifications including Intel's embedded multi-die interconnect bridge packaging technology, the analyst tells investors in a research note. The firm also found Apple (AAPL) and Broadcom (AVGO) job postings that include references to Intel's packaging technology. Citi, which doubts the agreements would be material for Intel, points out the three potential contracts would be for packaging, which brings low pricing and margins. Citi keeps a Neutral rating on Qualcomm and Sell rating on Intel.
Mizuho
NULL -> Outperform
maintain
$185 -> $200
2025-11-06
Reason
Mizuho
Price Target
$185 -> $200
2025-11-06
maintain
NULL -> Outperform
Reason
Mizuho raised the firm's price target on Qualcomm to $200 from $185 and keeps an Outperform rating on the shares.
Baird
Tristan Gerra
Outperform
to
Outperform
downgrade
$216 -> $200
2025-11-06
Reason
Baird
Tristan Gerra
Price Target
$216 -> $200
2025-11-06
downgrade
Outperform
to
Outperform
Reason
Baird analyst Tristan Gerra lowered the firm's price target on Qualcomm to $200 from $216 and keeps an Outperform rating on the shares. The firm said diversification is wll under way with multiple expansion ahead and AI is a wild card.
Piper Sandler
Harsh Kumar
Overweight
maintain
$175 -> $200
2025-11-06
Reason
Piper Sandler
Harsh Kumar
Price Target
$175 -> $200
2025-11-06
maintain
Overweight
Reason
Piper Sandler analyst Harsh Kumar raised the firm's price target on Qualcomm to $200 from $175 and keeps an Overweight rating on the shares. The firm notes the company delivered a significant beat of roughly $500M in the September quarter and also guided up for the December quarter by a similar magnitude. Piper feels that Qualcomm is able to mitigate concerns around its largest customer, supported by stronger traction within the Android base, particularly through higher content to increase in AI in computing cores.
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
