Forget the "Magnificent Seven," Here's Why You Should Buy Qualcomm Instead
Amid the focus on artificial intelligence (AI), numerous investors have turned to "Magnificent Seven" stocks like Nvidia. Indeed, all seven of those stocks utilize the technology, which has likely contributed to rising share prices.
That does not mean investors should forget chip stock Qualcomm (NASDAQ: QCOM). The smartphone chipset maker leads the way in 5G chips and is diversifying its revenue base into other areas, including areas that will rely on AI.
Qualcomm's stock suffered amid sluggish smartphone sales. However, the stock is up 60% from its October low, and given the company's importance in the tech market, now might be the time to consider the stock. Here's why.
Source Fool.com
Qualcomm Inc. Stock
€147.42
-1.410%
With 48 Buy predictions and 2 Sell predictions Qualcomm Inc. is one of the favorites of our community.
As a result the target price of 172 € shows a slightly positive potential of 16.67% compared to the current price of 147.42 € for Qualcomm Inc..
