AI Predictions for Qualcomm Stock Price at End of 2024
Market Context for Qualcomm
As Intel (NASDAQ: INTC) faces challenges, competitors like Qualcomm (NASDAQ: QCOM) seize opportunities in the PC market. With their strong position in AI technology, Qualcomm stands to gain significantly.
Meta AI’s Qualcomm Stock Price Prediction
The Llama 3.1 chatbot by Meta Platforms forecasts a potential price range of $200 to $250 for QCOM, with possibilities reaching $300 if earnings exceed expectations.
ChatGPT’s Insights
- ChatGPT-4o also sees a $200 to $250 range, emphasizing Qualcomm's technological advancements.
- However, with strong performance, stocks could rise to $270.
Google Gemini’s Scenarios
Google Gemini presents three scenarios for QCOM, highlighting Qualcomm's strength in 5G and expansion in AI. Analysts are cautiously optimistic.
Wall Street Analysis
According to 29 analysts, QCOM is rated as a moderate buy, with an average price target of **$207.60**. Notably, some analysts have adjusted their ratings due to competitive pressures from Apple (NASDAQ: AAPL).
Current Stock Performance
As of now, QCOM is priced at **$173.34**, reflecting a **3.70%** daily increase, with strong year-to-date performance of **23.61%**. Investors should weigh these indicators cautiously.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.