Qualcomm stock could double to $340 on edge AI and automotive shift

9 articles · Updated · Trefis · May 4

Trefis says Qualcomm, up about 40% in the past month, could reach that level as automotive, AI and CPU growth offset Apple's modem exit and memory-related smartphone weakness.
The forecast assumes revenue rises from about $44bn in FY2025 to $65bn by 2029, with net income near $16bn and EPS around $17 as buybacks reduce share count.
Qualcomm's $45bn automotive design-win pipeline, Snapdragon device footprint and newer industrial platforms underpin the case, while the stock still trades near 17 times forward earnings versus more than 35 for the sector.

With Apple's $7 billion exit looming, can Qualcomm's AI pivot fill the massive revenue gap fast enough?

Qualcomm is challenging Nvidia's AI dominance, but is Apple's new modem the bigger, more immediate threat?