Qualcomm's AI prospects set to boost semiconductor stock

Qualcomm's AI prospects are likely to accelerate its growth, driven by its Snapdragon smartphone processors gaining traction in the fast-growing generative AI smartphone space. The company's revenue rose 13% to $44.1 billion in FY2025, with non-GAAP earnings increasing by 18% to $12.03 per share. Qualcomm will supply 75% of the smartphone processors for Samsung's upcoming Galaxy S26 series and will continue to supply modems to Apple for its 2026 iPhones. This is expected to pave the way for a bigger jump in Qualcomm's top and bottom lines.