Wells Fargo Bullish on QUALCOMM (QCOM) Amid $100+ Billion AI Inference Market Opportunity

Core Viewpoint - QUALCOMM Incorporated (NASDAQ:QCOM) is identified as one of the most undervalued AI stocks, with significant potential in the AI inference market, which exceeds $100 billion, not currently reflected in its share price [1][6]. Group 1: Market Opportunity - Analysts at Wells Fargo project that QUALCOMM could generate $5-$7 billion in annual revenue by 2027 from its AI and data center strategy [1]. - The AI inference market opportunity is highlighted as a key driver for QUALCOMM's future growth [1][6]. Group 2: Price Target and Stock Rating - On February 24, 2026, Wells Fargo raised QUALCOMM's price target from $135 to $150 and upgraded the stock rating from 'Underweight' to 'Equal Weight' [2]. Group 3: Investment in India - On February 18, 2026, QUALCOMM announced plans to invest up to $150 million to enhance India's technology landscape, focusing on accelerating AI in automotive, IoT, robotics, and mobile sectors [3]. Group 4: Business Focus - QUALCOMM develops wireless technologies and semiconductors, primarily serving the mobile and connected devices segment [4].