Better Chip Stock: Intel vs. Qualcomm
Intel (NASDAQ: INTC) and Qualcomm (NASDAQ: QCOM) are two of the world's most important chipmakers. Intel is the largest manufacturer of x86 CPUs for PCs and servers, while Qualcomm is one of the top suppliers of mobile chips and baseband modems for smartphones.
Yet Intel's stock price declined about 30% this year as sales of new PCs cooled off in a post-lockdown world. Qualcomm stock also shed more than 20% of its value as investors fretted over the slowing growth of the smartphone market. Rising interest rates exacerbated that pain by driving investors away from tech stocks and toward more conservative investments.
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Source Fool.com