1 Monster Opportunity in the Global Chip Shortage
Admittedly, the term "monster opportunity" may seem like a relative description in today's market. The almost 28% decline from all-time highs in the Nasdaq Composiite index has taken many semiconductor stocks to low valuations, a factor that could make opportunities more lucrative.
However, despite the stock price declines, some tech stocks' prospects for elevated revenue growth remain high. In the current environment, investors should pay closer attention to the opportunity in Qualcomm (NASDAQ: QCOM), as the chipmaker continues to benefit from the 5G upgrade cycle.
Qualcomm's current value proposition revolves around its position in the smartphone chipset market. Several companies participate in this business. But despite the best efforts of Apple and other companies, Qualcomm continues to maintain its lead in the 5G chipset space.
Source Fool.com
