Is Qualcomm Stock a Buy?
Qualcomm (NASDAQ: QCOM) is in a power position among semiconductor stocks. The long-awaited widespread implementation of 5G networking has prompted a phone upgrade cycle and the company's popular 5G chipset will help it benefit. Moreover, Qualcomm stock still trades at attractive levels, and its move higher may just be the beginning.
However, Qualcomm faces challenges that could significantly set the stock back in the near term. If investors can deal with those risks, they face no other obvious obstacles that stand in the way of long-term gains in Qualcomm stock.
In a business sense, investors may struggle to find a more uniquely positioned stock than Qualcomm. Due to the expected introduction of 5G-compatible devices by Apple (NASDAQ: AAPL), a new smartphone ecosystem will begin to adopt 5G as the new networking standard. Also, Apple's archrival in this space, Samsung, will probably launch a new lineup of 5G phones.
Source Fool.com
