Qualcomm Acquires Alphawave Semi to Enter Data Center Market, Raises Price Target to $185
DATA AND AI INFRASTRUCTURE
Qualcomm Inc. has acquired Alphawave Semi to re-enter the data center market, which it had exited in 2018. Analyst C J Muse from Cantor Fitzgerald maintained a Buy rating on Qualcomm, raising the price target from $150 to $185, while the company prepares to showcase its Snapdragon Cockpit Elite technology at CES 2026, aimed at enhancing on-device AI capabilities.
Dec 22, 2025, 11:00 PM
