The post This overlooked stock could be the next Nvidia — here’s why appeared on BitcoinEthereumNews.com.

With its astonishing 1,321% five-year growth and a market cap that surpasses most tech giants, Nvidia (NASDAQ: NVDA) has long been the favorite in the artificial intelligence (AI) race.  But like on any track, not everyone is betting solely on the frontrunner, and many investors are scouting the scene for a rival that could come close to matching Nvidia’s performance.  One name on the list of potential candidates could soon climb up closer to the top: Qualcomm (NASDAQ: QCOM). Here’s why. Breaking through in the rising semiconductor market Despite a -13.04% dip in year-to-date (YTD) performance and recent investor concerns regarding new advanced AI models from China, Nvidia continues to dominate in the AI and semiconductor sectors while enjoying significant gains from data centers and enterprise software solutions. Meanwhile, Qualcomm, a company mostly associated with telecommunications technology, has been quietly reinventing itself by focusing on the so-called Edge AI and bringing artificial intelligence closer to the user — to smartphones, PCs, and electric vehicles (EV).  If generative AI shifts to more hands-on systems, i.e., closer to where the data is located rather than the cloud, Qualcomm’s expertise in low-power, high-efficiency chips could position it as a leader in a promising, nascent sector. Accordingly, some predictions suggest Qualcomm stock could see a max +48.70% increase in the next 12-month period, with a projected +13.23% average. Two signs point to this: the recent breakthrough by DeepSeek, which reportedly developed its AI models with more affordable computing requirements, and the projected growth of the EV market. Qualcomm stock predictions Qualcomm stock price forecast. Source: TradingView.com DeepSeek came to the fore seemingly out of nowhere, offering an alternative to OpenAI’s GPT and generating a lot of controversy regarding AI affordability and broader adoption.  The idea of employing more affordable chips down the line plays…

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Filed under: News - @ May 22, 2025 12:28 pm