Is This Qualcomm’s Next Big Opportunity?

Is This Qualcomm’s Next Big Opportunity?

Qualcomm (NASDAQ: QCOM) is desperately in the hunt for new opportunities to overcome the body blow dealt by Apple's lawsuit and competition from MediaTek in smartphone chips. Not surprisingly, the chipmaker has been trying to tap emerging tech trends such as artificial intelligence (AI), smart homes, and augmented reality (AR) to find alternative revenue streams.

But the chip specialist will run into stiff competition in all these areas. Chipmakers NVIDIA and  Intel are already betting big on AI and AR, so Qualcomm's success isn't a given. However, one space where Qualcomm could mint big money going forward is in its core market for smartphone chips, thanks largely to the adoption of 5G technology.

Image Source: Qualcomm 

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Source: Fool.com