If You Invested $3,000 in Qualcomm in 2021, This Is How Much You Would Have Today
(NASDAQ: QCOM), one of the largest mobile chipmakers in the world, saw its stock close at a record-high price of $181.67 on Dec. 15, 2021. The price had more than doubled over the previous two years as new 5G smartphones hit the market. It also expanded beyond smartphones with new automotive and Internet of Things (IoT) chips.
But today, Qualcomm's stock trades at about $113 a share. A $3,000 investment in the chipmaker at its all-time high would be worth less than $1,900 today. Let's see why the bulls retreated from Qualcomm -- and if it might bounce back in the near future.
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Source Fool.com