GR8, re: Good read - The Street: Top analyst issues surprise verdict on 40-year-old tech giant’s AI pivot
Indeed a “good read”, thanks for posting.
It’s good to see the “analyst” community finally seeing QCOMs DC opportunities. We’ve been discussing it here on SI for quite some time.
In fact, QHT posted this snip back on May 19
The other exciting thing is Qualcomm is working on AI200 which I've posted some links to. It's very possible Qualcomm ships entire AI solutions, IE those with AI200's and QC CPUs as an inference server. Then with the recent announcement posted by janust about nVidia's NVLink being integrated that means we can be shipped along with Nvidia chips which is terrific.
I am very excited about the datacenter products coming out.
>>>>>>>
“exciting” article snips >>>>
, this time the scale and targets are different.
Qualcomm is evolving its offerings from edge-level inference to rack-scale, data-center AI, targeting a much larger, enterprise-grade opportunity.
That incredible evolution matters immensely, as Rasgon feels that inference, not training, is exactly where the real volume lies, and where apps can potentially scale to millions of users. Also, the total addressable market is likely to be a lot “more fragmented” than training, creating more room for players like Qualcomm to grab a bigger slice of the pie.
......From phones to data centers: The new AI systems mark a massive five-year leap from edge-level devices to rack-scale inference.
Massive upside optionality: Rasgon says Wall Street still values Qualcomm’s AI business as having plenty of room for re-rating. The AI inference gamble could redraw the chip map
Qualcomm’s latest AI move has everything to do with redefining where the real AI volume lies.
>>>>>>>>>>>>>
See Copilot comment below- showing Rasgon’s target is $185 vs Versace’s trim and $205 target. Versace’s trim was probably well conceived given the ~$20 move and subsequent fall and the streets’ typical skepticism. One would expect that Rasgon increases QCOM’s target soon.
How High will Rasgon go ?? $225 or more ??
Copilot states MS has a $225 target >>>>>
Here’s the direct link to the source listing Morgan Stanley’s $225 price target for Qualcomm (QCOM):
QUALCOMM (QCOM) Stock Forecast and Price Target 2025
This page aggregates brokerage analyst ratings and targets, including the $225 high-end target attributed to Morgan Stanley as of October 2025.
Context: Following Qualcomm’s AI200/AI250 launch and Saudi Arabia datacenter deal
Rationale: Anticipated upside from Qualcomm’s pivot to rack-scale AI inference and enterprise-grade deployments
More Copilot >>>>>>>>>>>
Stacy Rasgon of Bernstein has a price target of $185 for Qualcomm (QCOM), with an “Outperform” rating as of late October 2025.
?? Rasgon’s Qualcomm Outlook
- Price Target: $185
- Rating: Outperform
- Date Confirmed: October 27, 2025
- Context: Following Qualcomm’s AI200 and AI250 accelerator launch and its $1B Saudi Arabia datacenter deal
- Rationale:
- Rasgon emphasized that Qualcomm has been in the AI accelerator space since 2019, countering the “newcomer” narrative
- He sees the real opportunity in AI inference, not training — a fragmented market where Qualcomm can gain share
- The shift from edge-level to rack-scale inference marks a major strategic leap
?? Strategic Implications
- Rasgon’s $185 target is slightly below Qualcomm’s October 27 close of $187.68, suggesting near-term valuation may be stretched
- However, his “Outperform” rating signals confidence in Qualcomm’s long-term AI execution and market positioning
|
