Qualcomm Rises as Investor Day Sharpens AI and Data Center Ambitions

Qualcomm Incorporated (QCOM) is up 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied mainly to Qualcomm’s Investor Day announcements, which pushed its AI and data center strategy much further into focus. Investors seem to be responding to a mix of higher long-term revenue targets, a new multi-generation CPU agreement with Meta, and the planned acquisition of Modular, which strengthens Qualcomm’s software position for AI workloads.

Details:

Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion, signaling a larger business beyond smartphones.

The company outlined a data center strategy targeting more than $15 billion in revenue by fiscal 2029, giving investors a clearer growth path in AI infrastructure.

Qualcomm announced a multi-generation agreement to supply data center CPUs to Meta, with its first Dragonfly C1000 CPU expected to enter production in the second half of 2028.

Qualcomm also agreed to acquire Modular, adding an AI-native software platform that could help its chips compete more effectively across edge and cloud environments. Broader strength in semiconductor shares may have added to the rally.

Sources:

Qualcomm, Yahoo Finance, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$QCOM Insider Trading Activity

$QCOM insiders have traded $QCOM stock on the open market 59 times in the past 6 months. Of those trades, 0 have been purchases and 59 have been sales.

Here’s a breakdown of recent trading of $QCOM stock by insiders over the last 6 months:

CRISTIANO R AMON (President & CEO) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $3,650,000.
AKASH J. PALKHIWALA (EVP, CFO & COO) has made 0 purchases and 51 sales selling 16,666 shares for an estimated $2,716,208.
HEATHER S ACE (EVP, Chief HR Officer) has made 0 purchases and 2 sales selling 6,400 shares for an estimated $1,007,424.
PATRICIA Y GRECH (SVP, Chief Accounting Officer) has made 0 purchases and 4 sales selling 1,687 shares for an estimated $288,522.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$QCOM Hedge Fund Activity

We have seen 1,152 institutional investors add shares of $QCOM stock to their portfolio, and 1,738 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 24,234,489 shares (+365.5%) to their portfolio in Q1 2026, for an estimated $3,070,269,834
WELLINGTON MANAGEMENT GROUP LLP removed 8,375,140 shares (-50.1%) from their portfolio in Q1 2026, for an estimated $1,061,047,324
BLACKROCK, INC. added 5,875,924 shares (+5.9%) to their portfolio in Q1 2026, for an estimated $744,421,399
AMERIPRISE FINANCIAL INC removed 3,804,877 shares (-38.6%) from their portfolio in Q1 2026, for an estimated $482,040,247
VAN ECK ASSOCIATES CORP added 3,671,788 shares (+35.5%) to their portfolio in Q1 2026, for an estimated $465,179,188
PRICE T ROWE ASSOCIATES INC /MD/ removed 3,294,195 shares (-30.4%) from their portfolio in Q1 2026, for an estimated $417,341,893
INVESCO LTD. added 2,771,490 shares (+28.1%) to their portfolio in Q4 2025, for an estimated $474,063,364

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$QCOM Congressional Stock Trading

Members of Congress have traded $QCOM stock 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $QCOM stock by members of Congress over the last 6 months:

REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $65,000 on 05/13 and 0 sales.
REPRESENTATIVE SARA JACOBS has traded it 2 times. They made 0 purchases and 2 sales worth up to $2,000,000 on 05/07, 05/06.
REPRESENTATIVE JARED MOSKOWITZ sold up to $50,000 on 03/31.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$QCOM Analyst Ratings

Wall Street analysts have issued reports on $QCOM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Underweight" rating on 04/30/2026
Benchmark issued a "Buy" rating on 04/30/2026

To track analyst ratings and price targets for $QCOM, check out Quiver Quantitative's $QCOM forecast page.

$QCOM Price Targets

Multiple analysts have issued price targets for $QCOM recently. We have seen 22 analysts offer price targets for $QCOM in the last 6 months, with a median target of $179.5.

Here are some recent targets:

Kevin Cassidy from Rosenblatt set a target price of $265.0 on 06/25/2026
C.J. Muse from Cantor Fitzgerald set a target price of $220.0 on 06/25/2026
Christopher Rolland from Susquehanna set a target price of $190.0 on 06/25/2026
Tal Liani from B of A Securities set a target price of $195.0 on 06/23/2026
Aaron Rakers from Wells Fargo set a target price of $230.0 on 06/12/2026
Ivan Feinseth from Tigress Financial set a target price of $280.0 on 05/08/2026
Louis Miscioscia from Daiwa Capital set a target price of $225.0 on 05/08/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.