Qualcomm Ranks 44th in Trading Volume with $1.36 Billion as AI Acquisition Boosts Stock

On June 16, 2025, Qualcomm (QCOM) closed the trading day with a volume of $1.36 billion, ranking 44th in the day's trading volume. The stock price increased by 1.39%.

Qualcomm's recent acquisition of Alphawave IP Group for approximately $2.4 billion is a strategic move to enhance its artificial intelligence (AI) processor offerings by integrating Alphawave's wired connectivity solutions. This acquisition is expected to strengthen Qualcomm's position in the data center and edge compute markets, which are crucial for the AI revolution. The deal provides Alphawave's shareholders with a 96% premium, reflecting Qualcomm's aggressive expansion strategy beyond smartphones.

Qualcomm's second-quarter results exceeded Wall Street expectations, with GAAP earnings per share (EPS) of $2.52 and non-GAAP EPS of $2.85, surpassing the consensus estimate of $2.63. Revenues grew by 17% year-over-year to $11 billion. The QCT segment, which focuses on mobile chips and platforms, saw an 18% increase in revenue to $9.5 billion, while the QTL segment, which handles wireless technology patent licensing, remained relatively stable at $1.3 billion. Management has provided guidance for the third quarter, projecting revenues between $9.9 billion and $10.7 billion and adjusted EPS between $2.60 and $2.80.

Analysts generally hold a positive sentiment towards Qualcomm, with a consensus rating of "Moderate Buy." The average price target is $180.96, suggesting a 15% upside potential from the current price level. The highest estimate is $245, which is 57% above the current price. This optimism is driven by Qualcomm's recovery from weakness in the mobile segment and its diversification into AI opportunities.