Qualcomm Forms 6G Coalition with Industry Partners
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 02 2026
0mins
Should l Buy QCOM?
Qualcomm (QCOM) announced a new strategic coalition with industry partners to accelerate the development and global deployment of 6G. Revealed at MWC Barcelona 2026, the collaboration establishes a milestone-driven roadmap focused on delivering 6G commercial systems starting from 2029 onwards. Global partners supporting this coalition include Airtel, Amazon (AMZN), Asus, BT Group, Cisco (CSCO), Dell (DELL), e&, Ericsson (ERIC), FPT Corporation, Fujitsu/1finity, Google (GOOGL), HP (HP), HPE (HPE), Humain, KDDI, KT, Lenovo, LG Electronics, LG Uplus, Meta (META), Microsoft (MSFT), Motorola, NEC Corporation, Nokia (NOK), NTT Docomo, Reliance Jio, Samsung Electronics, Sharp, SK Telecom, Snap (SNAP), Stellantis (STLA), Swisscom, Tejas Networks, Telstra, TIM Group, T-Mobile (TMUS), Viettel Group, VNG, and YTL.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 127.110
Low
165.00
Averages
197.14
High
225.00
Current: 127.110
Low
165.00
Averages
197.14
High
225.00
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.
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- Analyst Rating Change: Goldman Sachs initiated coverage with a Neutral rating and set a $135 12-month price target, reflecting concerns over short-term smartphone demand destruction due to rising memory costs, which could impact Qualcomm's largest segment.
- Increased Competitive Pressure: Qualcomm has maintained stable share with Samsung but has lost approximately 200 basis points to MediaTek in the smartphone application processor market over the past three years, particularly in the Android market, highlighting a challenging competitive landscape.
- Automotive Solutions Outlook: Qualcomm's Snapdragon Digital Cockpit platform is seen as a bright spot for future growth, particularly in automotive solutions and industrial IoT, expected to benefit from strong recovery in that segment, despite the overall difficult market environment.
See More
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- Meta Platforms Investment Advice: Morgan Stanley recommends buying Meta Platforms, asserting that sentiment has bottomed out, and despite the company facing two litigation losses last week that impacted stock prices, early trading shows a slight recovery, indicating renewed investor confidence.
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See More
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- Revenue Growth Forecast: Arm Holdings anticipates that its newly launched Arm AGI CPU will drive annual revenue to $15 billion by fiscal 2031, representing over fivefold growth from its current $1.2 billion, indicating strong demand and potential profitability in the AI market.
- Market Share Expansion: The Arm AGI CPU is specifically optimized for AI operations in data centers, featuring 64 CPUs and 8,700 cores, and has already attracted interest from tech giants like Meta and Cloudflare, showcasing its competitive edge in high-performance computing.
- Stock Price Potential: With Arm's current stock price around $157, if it achieves an EPS of $9 in fiscal 2031, applying a conservative P/E ratio of 73 could see the stock soar to $657, reflecting a 318% increase and indicating investor optimism about its future growth.
- R&D Investment Returns: Arm's significant investment in R&D is paying off, with a 26% year-over-year revenue increase in Q3 and a gross margin exceeding 97%, laying a solid foundation for its future chip manufacturing business and enhancing its market competitiveness.
See More
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- Strong IPO Performance: Arm Holdings went public on September 14, 2023, and its stock has surged over 200% since then, significantly outpacing the S&P 500's 45% gain during the same period, indicating strong market confidence in its growth potential.
- Robust Revenue Growth: In the third quarter of fiscal 2026, Arm generated $1.2 billion in revenue, a 26% year-over-year increase, with a gross margin exceeding 97%, showcasing solid financial performance despite high R&D expenditures that limited adjusted EPS growth to 10%.
- AI Chip Launch: Arm announced the debut of its AGI CPU, designed specifically for data centers and featuring 64 CPUs with 8,700 cores, which is expected to drive annual revenue growth to $15 billion over the next five years, highlighting its competitive strength in the AI sector.
- Optimistic Future Outlook: Management forecasts total revenue of $25 billion by fiscal 2031, with an EPS target of $9, suggesting a potential stock price increase of 318% to $657, reflecting the market's optimistic expectations for its long-term growth trajectory.
See More
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- Memory Shortage Outlook: SK Hynix's chairman Chey Tae-won predicts that the global memory shortage will last until 2030, indicating a significant surge in AI's demand for memory, which further enhances Micron Technology's market position.
- Significant Revenue Growth: Micron Technology reported $23.9 billion in revenue for Q2 of fiscal 2026, representing a 196% year-over-year increase, nearly tripling its revenue from Q2 2025, showcasing its strong performance in the AI market.
- Expansion Investment Plan: Micron plans to invest $100 billion in building the largest semiconductor factory in upstate New York to meet the growing memory demands from Nvidia and other customers, further solidifying its market leadership.
- Financial Health Status: Despite the massive investment, Micron's debt-to-equity ratio stands at 0.15, significantly lower than the previous quarter's 0.28, indicating the company's ability to maintain financial stability during its expansion.
See More
