The post AI predicts Qualcomm stock price for end of 2024 appeared on BitcoinEthereumNews.com.

As Intel (NASDAQ: INTC) has suffered a string of troubles in recent weeks due to defects in its products and corporate operational issues, competitors like Qualcomm (NASDAQ: QCOM) are eyeing bigger PC processor market share and artificial intelligence (AI) models are bullish on their stock prices. Indeed, Qualcomm might end up being one of the benefactors of Intel’s recent misfortunes, the current conditions representing an ideal opportunity for the company to make inroads into the AI PC market, particularly against the backdrop of its Microsoft (NASDAQ: MSFT) partnership. In this context, the Llama 3.1 chatbot by Meta Platforms (NASDAQ: META) has predicted that a potential price range for QCOM shares at the end of 2024 could be between $200 and $250, “assuming a moderate increase based on the average price targets.” At the same time: “However, if the company exceeds expectations and achieves higher earnings, the stock price could potentially reach the higher end of the estimated range, around $300.” Interestingly, ChatGPT-4o, the AI model by OpenAI, also envisions a price range from $200 to $250 for QCOM stock at the end of 2024, considering experts’ predictions, sector growth, and technical analysis, as well as “Qualcomm’s strategic positioning in AI and semiconductors.” That said, the popular AI chatbot has pointed out that Qualcomm shares could even approach the upper target of around $270, taking into account that “with strong market performance and technological advancements, there is potential for the stock to push higher.” Finally, Google Gemini, the AI innovation by Alphabet (NASDAQ: GOOGL), has offered three potential scenarios and QCOM stock price ranges based on Qualcomm’s leadership in 5G technology, expansion into automotive, AI integration, global economy, competition, and technical analysis (TA): Qualcomm stock prediction. Source: Google Gemini Stock market experts’ Qualcomm stock prediction It is also important to note…

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Filed under: News - @ August 16, 2024 11:21 am