Citi Maintains a Hold on QUALCOMM Incorporated (QCOM)

Group 1 - Qualcomm Incorporated (NASDAQ:QCOM) is considered one of the best large-cap stocks for long-term investment, with a Hold rating and a price target of $180 set by Citi analyst Christopher Danely [1] - Qualcomm announced plans to open a new AI Engineering Center in Riyadh in collaboration with HUMAIN, aimed at supporting the rollout of 200 megawatts of data center capacity based on Qualcomm's Cloud AI solutions starting in 2026 [2] - The collaboration with HUMAIN focuses on deploying advanced AI infrastructure in Saudi Arabia, utilizing Qualcomm's Cloud AI hardware and software, which includes the Qualcomm® AI200 and AI250 rack solutions [3] Group 2 - Qualcomm develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity, as well as high-performance and low-power computing, including on-device AI [4]