Is Wall Street Bullish or Bearish on QUALCOMM Stock?

With a market cap of $192.1 billion, QUALCOMM Incorporated (QCOM) is a leading fabless semiconductor company that designs high-performance, low-power chips for mobile, automotive, AI, and IoT applications. With a strong focus on wireless innovation, it also manages a vast intellectual property portfolio and invests in emerging technologies like 5G and generative AI. 

Shares of the chipmaker have outperformed the broader market over the past 52 weeks. QCOM stock has risen 21% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.8%. On a YTD basis, shares of QCOM are up 11.6%, compared to SPX's 1.8% gain.