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RBC Capital Markets lifted its price target on Qualcomm to $180 from $160 following the chipmaker’s agreement with Amazon. RBC kept a Sector Perform rating and pointed to the relationship’s potential in data-center AI.
RBC Capital Markets lifted its Qualcomm (QCOM) price target to $180 from $160, keeping a Sector Perform rating, citing a potentially stronger position in the data-center AI market from the chipmaker’s Amazon agreement.