Prediction: Analysts Say Qualcomm Stock Is Set For A Massive Breakout
Key takeaways
- Qualcomm’s 51% recovery from March lows reflects a real diversification story beyond handsets into data center and automotive, with 24/7 Wall St.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Qualcomm wasn t one of them.
- Qualcomm (NASDAQ:QCOM) has staged a remarkable comeback, recovering 51.2% from its March low of $129.39 to today s level near $195.
Prediction: Analysts Say Qualcomm Stock Is Set For A Massive Breakout Justin Sullivan / Getty Images News via Getty Images Vandita Jadeja Fri, May 22, 2026 at 10:15 PM GMT+7 4 min read QCOM NVDA Quick Read Qualcomm (QCOM) reported Q2 FY26 revenue of $10.60B and non-GAAP EPS of $2.65, beating consensus, with automotive revenue hitting a record $1.33B (+38% Yo Y) and the company confirming leading hyperscaler custom silicon engagement is on track for initial shipments later this calendar year.
Qualcomm’s 51% recovery from March lows reflects a real diversification story beyond handsets into data center and automotive, with 24/7 Wall St. projecting $268.83 upside over 12 months on 90% confidence that the hyperscaler silicon engagement becomes a credible new revenue pillar.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Qualcomm wasn t one of them. Get them here FREE.