Qualcomm stock gains on Amazon AI deal and new Piper Sandler coverage
Published on 09/10/2026 at 14:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Qualcomm Incorporated stock (ISIN US7475251036) is trading around USD 176 on Nasdaq as of September 9, 2026, after investors reacted to a multi-generational artificial intelligence collaboration with Amazon Web Services and new analyst coverage highlighting the company’s data center ambitions.
Amazon AI deal lifts valuation focus
According to GuruFocus on September 9, 2026, Qualcomm announced a landmark agreement with Amazon Web Services to expand its footprint in the data center AI market, complemented by a warrant arrangement that could bring significant capital inflows to the company.
As 24/7 Wall St reported on September 9, 2026, the multi-generational collaboration with Amazon is structured to build next-generation AI data center infrastructure, and Amazon is receiving warrants to acquire roughly USD 4 billion of Qualcomm stock as part of the deal.
According to Yahoo Finance on September 9, 2026, the market initially pushed Qualcomm shares more than 3 percent higher on the news, underscoring how central AI-driven data center growth has become for the stock’s narrative.
Piper Sandler starts coverage with Neutral rating
Investors also have a new datapoint on valuation from Wall Street. As Investing.com reported on September 10, 2026, Piper Sandler initiated coverage on Qualcomm with a Neutral rating and a price target of USD 190.00, explicitly citing AI growth as a key driver for the company.
According to the same note summarized by Investing.com, Qualcomm currently trades at a trailing twelve-month price-earnings ratio of 20.51 based on EPS of USD 8.59, metrics that Piper Sandler frames as consistent with an AI-driven growth story but not cheap enough to justify a more aggressive rating.
Based on data cited by MarketBeat on September 10, 2026, the broader analyst community assigns Qualcomm an average rating of Hold with a consensus price target of USD 204.10, meaning Piper Sandler’s USD 190.00 target sits modestly below the street average and roughly 8 percent above the recent trading level around USD 176.
Recent price action and valuation metrics
Per Nasdaq price data published by MarketWatch and last updated September 9, 2026 at 7:59 p.m. ET, Qualcomm closed the prior session at USD 176.40 on Nasdaq, up 1.33 percent on the day, within a daily trading range of USD 173.32 to USD 180.86.
According to the same MarketWatch quote page, Qualcomm’s 52-week range currently spans from USD 121.99 at the low to USD 259.92 at the high, so the closing price of USD 176.40 on September 9, 2026 stands about 44 percent above the 52-week low while still roughly 32 percent below the 52-week high, leaving the shares in the middle of their one-year trading corridor.
As Trefis noted on September 9, 2026, Qualcomm shares around USD 174.09 were about 30 percent below their 52-week high at that time, a gap the analysis highlights as typical of dip-buying setups, and year-to-date the stock had gained 4.7 percent versus 12.1 percent for the S&P 500 and 16.8 percent for the Nasdaq-100, underscoring a relative underperformance despite the AI narrative.
Dividend and guidance support the long-term story
Qualcomm’s income profile remains an important part of the investment case alongside AI growth. According to GuruFocus on September 9, 2026, the company offers a dividend yield of about 2.04 percent supported by a low payout ratio of 24 percent and a three-year dividend growth rate of 6.8 percent, which the analysis interprets as evidence of a sustainable and attractive income stream for shareholders.
MarketBeat’s institutional ownership update on September 10, 2026 indicates that Qualcomm recently declared a quarterly dividend of USD 0.92 per share, implying an annualized payment of USD 3.68 and a dividend yield of about 2.1 percent at recent prices, with a dividend payout ratio of 42.59 percent according to MarketBeat.
On the earnings side, Qualcomm last issued quarterly results for its fiscal 2026 according to MarketBeat, reporting earnings per share of USD 2.21 for the quarter on revenue of USD 9.95 billion, compared with analyst expectations of USD 2.23 EPS on USD 9.69 billion of revenue.
The same MarketBeat summary notes that revenue in this latest reported quarter was down 4.0 percent year on year and that Qualcomm’s net margin stood at 21.01 percent, with return on equity of 38.36 percent, figures that point to robust profitability even in a period of modest top-line pressure.
Looking ahead, Qualcomm has set its guidance for the fourth quarter of fiscal 2026 at EPS between USD 2.05 and USD 2.25 according to MarketBeat, a range that suggests a slight sequential moderation but maintains earnings well above the dividend level.
Risks: revenue headwinds and relative underperformance
While the Amazon AI collaboration and fresh Piper Sandler coverage give Qualcomm stock new catalysts, several recent analyses emphasize risks around revenue growth and competitive dynamics. For example, Motley Fool noted on September 9, 2026 that consensus estimates point to a 3 percent decline in Qualcomm’s revenue to USD 43 billion in fiscal 2026, even as AI is expected to drive growth for peers like Nvidia, AMD and Broadcom.
The Trefis analysis on September 9, 2026 highlights that at USD 174.09 the stock’s year-to-date performance of plus 4.7 percent lags major indices and that the shares trade roughly 30 percent below their 52-week high, suggesting the market is still pricing in some skepticism about the pace at which Qualcomm can translate its data center pivot and AI partnerships into accelerating revenue growth.
According to GuruFocus, Qualcomm’s trailing twelve-month price-earnings ratio of around 20.39 times earnings sits modestly above its five-year median multiple of 17.45 times, implying the stock trades at a moderate premium to its historical valuation even though its current price of about USD 176 is only about 0.1 percent above the platform’s calculated GF Value of USD 176.06.
Qualcomm stock price as of the last close
As of the most recent completed Nasdaq trading session on September 9, 2026, Qualcomm stock closed at USD 176.40, with the shares changing hands within a daily range of USD 173.32 to USD 180.86 and standing between the 52-week low of USD 121.99 and the 52-week high of USD 259.92, giving investors a reference point for the stock’s current position in its one-year band.
Qualcomm stock key data
- Company: Qualcomm Incorporated
- ISIN: US7475251036
- Ticker: QCOM
- Trading venue: Nasdaq
- Price (as of September 9, 2026, 19:59): 176.40 USD
- Market capitalization: [value] USD (as of September 9, 2026)
- Sector / Industry: Information Technology / Semiconductors
- Index membership: S&P 500
