Why Qualcomm Is a Top Pick for Investors in 2023
If you bought shares of (NASDAQ: QCOM) any time over the past year, you are likely very disappointed in your returns. The chip maker faced several challenges across 2022, including a shortage of crucial components as well as reduced demand for its wireless chips due to the economic downturn and sustained COVID-19 restrictions in China.
Industry professionals predict that decreased demand for wireless chips will continue throughout 2023 and only begin to recover in 2024. As a result, many investors have lost interest in the stock, causing it to underperform compared to the overall market.
Despite that bleak short-term outlook, now is the time for long-term investors to start considering shares of Qualcomm. Here's why.
Source Fool.com
Qualcomm Inc. Aktie
149,48 €
0,28 %
Die Qualcomm Inc. Aktie zieht viel Aufmerksamkeit auf sich: Viel mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 172 € für Qualcomm Inc. weist auf eine leichte Verbesserung gegenüber dem aktuellen Kurs von 149.48 € hin.
