Price Prediction: Qualcomm Stock Will Trade at This Price in 2028
Key takeaways
- Quarterly earnings grew 173% year over year, with combined Auto and Io T revenue climbing 27%, while the data center business gains traction through hyperscaler custom silicon engagements shipping later this year.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Qualcomm wasn t one of them.
- Qualcomm (NASDAQ:QCOM) just did something I did not expect this year.
Price Prediction: Qualcomm Stock Will Trade at This Price in 2028 Justin Sullivan / Getty Images News via Getty Images Vandita Jadeja Wed, May 27, 2026 at 7:51 PM GMT+7 4 min read QCOM NVDA Quick Read Qualcomm (QCOM) shares rose 27.2% in a single week to $248.82 and are up 46.41% year to date, driven by CEO Cristiano Amon’s announcement that AI agents are reshaping the company’s roadmap across every platform.
Quarterly earnings grew 173% year over year, with combined Auto and Io T revenue climbing 27%, while the data center business gains traction through hyperscaler custom silicon engagements shipping later this year.
Qualcomm’s June 24 Investor Day on Data Center and Physical AI could re-rate the stock from a handset cyclical to an AI infrastructure compounder, and reaching $400 per share by 2028 requires 7x multiple expansion on top of earnings growth, contingent on hyperscaler deals ramping on schedule and Automotive maintaining its 38% year-over-year growth pace.