Qualcomm (QCOM) Lands Major 200MW AI Deal — Analysts See More Upside Ahead

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the AI Stocks Analysts are Tracking Closely. On October 27, Rosenblatt reiterated a “Buy” rating on the stock with a $225.00 price target. The rating affirmation follows the company’s announcement of a 200MW deployment with HUMAIN.

According to the firm, the HUMAIN partnership offers a strong entry into AI data center inference, supporting long-term diversification.

“We view today’s announcement as positive for the Qualcomm shares for the longer-term. For years management’s strategy has been to diversify its end markets while growing its smartphone market share. Landing a 200MW deployment with HUMAIN is a very good step in a new growth vector in AI inference data centers. As a reminder, in May this year AMD and HUMAIN announced a 500MW deployment worth $10B. While revenue details have not been provided, we expect Qualcomm’s deployment with HUMAIN may generate ~$2B. Deployment is expected to start in 2026. Inference stage AI market is expected to be $250B+ by 2030 and growing ~20% annually. There is room for Qualcomm to generate significant AI inference related revenue longer-term.”

QUALCOMM Incorporated (NASDAQ:QCOM) develops wireless technologies, supplies chips for mobile, automotive, and IoT, licenses patents, and invests in emerging tech.

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Disclosure: None.

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