3 Reasons to Stay Away From Qualcomm

3 Reasons to Stay Away From Qualcomm

Qualcomm (NASDAQ: QCOM) has been under siege this year. The chipmaker's business has run into trouble thanks to a feud with Apple (NASDAQ: AAPL), which has encouraged other smartphone players to join the fight against the so-called "Qualcomm tax."

But this isn't the only problem that Qualcomm is currently facing. The company's much-hyped acquisition of NXP Semiconductors that was supposed to open up the road to automotive riches has run into a speed bump. Furthermore, Qualcomm will run into stiff competition from the likes of NVIDIA (NASDAQ: NVDA) in emerging technology trends such as drones.

Image Source: Qualcomm.

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Source: Fool.com