Key Takeaways IBM is gaining from hybrid cloud and AI demand, supported by the HashiCorp acquisition.Qualcomm expands in 5G, automotive, gaming and AI PCs, but faces stiff chip market competition.IBM trades cheaper than QCOM, with a stronger price performance and a steadier free cash flow outlook.International Business Machines Corporation (IBM) and Qualcomm Incorporated (QCOM) are tech legacy firms pivoting toward cutting-edge growth areas of either cloud computing and AI (artificial intelligence) workload ...