QUALCOMM Incorporated (QCOM) Closes Alphawave Deal, Expands Push Into AI Data Centers
We recently compiled a list of the 7 Most Promising Robotics Stocks According to Wall Street Analysts. QUALCOMM Incorporated is one of the most promising stocks.
TheFly reported on December 18 that QCOM announced the completion of its $2.4 billion acquisition of Alphawave Semi, a global leader in high-speed wired connectivity. The deal closed approximately one quarter ahead of schedule, marking a significant milestone in Qualcomm’s infrastructure strategy. As part of the merger, Tony Pialis, the co-founder and former CEO of Alphawave Semi, has been appointed to lead Qualcomm’s newly expanded data center business.
On December 16, 2025, Cantor Fitzgerald analyst C.J. Muse maintained a Neutral rating on QCOM but significantly raised the price target by $35, moving it from $170 to $185. This adjustment reflects the firm’s increasing confidence in the company’s ability to capitalize on AI-driven demand across compute, networking, and memory segments.
The Alphawave acquisition is expected to integrate seamlessly with QUALCOMM Incorporated (NASDAQ:QCOM)’s proprietary Oryon CPU and Hexagon NPU architectures. By securing Alphawave’s high-speed SerDes (Serializer-Deserializer) and chiplet technology, QCOM is positioning itself to provide the core infrastructure for next-generation AI data centers.
QUALCOMM Incorporated (NASDAQ:QCOM) is a global semiconductor and technology leader headquartered in San Diego, California. The company designs high-performance chips, AI processors, and connectivity solutions for mobile, automotive, IoT, and industrial applications. While not a traditional robotics manufacturer, QCOM plays a key role in robotics through its Robotics RB platforms, which enable autonomous robots, drones, and smart machines with edge AI, sensor fusion, and real-time 5G connectivity.
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