QUALCOMM (QCOM): Board Approves New $20.0 billion Stock Repu…

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the Best Semiconductor Stocks to Invest In Now. On March 17, QUALCOMM Incorporated (NASDAQ:QCOM) announced that its Board of Directors approved a new $20.0 billion stock repurchase authorization, which is in addition to its stock repurchase program that was announced in November 2024.

Also, the company’s Board approved an increase in QUALCOMM Incorporated (NASDAQ:QCOM)’s quarterly cash dividend from $0.89 to $0.92 per share, raising the annualized dividend payout to $3.68 per share.

In a separate update, it was announced that Qualcomm Technologies, Inc. and Wayve entered into technical collaboration, expanding the choice with an advanced production‑ready ADAS and AD system for automakers. Notably, this collaboration delivers a pre‑integrated ADAS/AD, helping entry‑level hands-off driving assistance to the eyes-off automated driving.

Notably, Snapdragon Ride supports the broadest range of long‑term platform strategies. It allows automakers to bring standardization throughout programs and regions while, at the same time, retaining flexibility.

QUALCOMM, Inc. (NASDAQ:QCOM) is a global leader in the development and commercialization of foundational technologies for the wireless industry, specializing in semiconductors, software, and services for mobile devices, automotive, and the Internet of Things (IoT).

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While we acknowledge the risk and potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QCOM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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