QUALCOMM Incorporated Sets New Growth Targets as Demand for its Technologies Increases

According to recent reports, QUALCOMM Incorporated (QCOM) is targeting a $900 billion market by 2030, with projections of 50 billion connected device shipments. The company sees tremendous opportunity as on-device AI accelerates the demand for its technologies.

As more industries embrace AI and the Internet of Things (IoT), QUALCOMM is well-positioned to capitalize on this trend. Its advanced technologies are already being adopted in various sectors, including automotive, healthcare, and smart cities.

The company's strong financial prospects and innovative solutions have attracted the attention of investors. Despite recent weakness in QUALCOMM's stock (NASDAQ:QCOM), many experts believe that the market may be wrong in undervaluing the company. In fact, some professionals from Stocks Prognosis recommend considering buying QUALCOMM shares based on their forecast.

QUALCOMM has also highlighted the crucial role of 5G in driving AI advancements. The combination of 5G's high-speed connectivity and QUALCOMM's on-device AI capabilities will revolutionize industries and unlock new possibilities.

In conclusion, QUALCOMM Incorporated is setting new growth targets and showcasing its potential in the rapidly evolving technology landscape. With its focus on on-device AI and 5G connectivity, the company is well-positioned for future success. For those interested in the company's stock, seeking guidance from professionals at Stocks Prognosis may be beneficial.