Meet the Artificial Intelligence (AI) Inference Stock That Could Deliver the Biggest Gains Over the Next 3 Years (Hint: It's not Nvidia or Broadcom)

As AI inference workloads shift to become the dominant computational workload in data centers, Qualcomm is positioned to capitalize on this trend with its inference-focused chips and attractive valuation. The company projects $15 billion in data center revenue by fiscal 2029 and has secured Meta as a key customer with multi-generation agreements. With earnings expected to grow at 18.5% annually and trading at just 17x forward earnings, Qualcomm stock could potentially reach $473 by fiscal 2029, representing 150% upside.