One Chip Stock to Buy Not Named Nvidia
The semiconductor industry has been off to a scorching hot start so far in 2023. In particular, Nvidia and Advanced Micro Devices have helped fuel the chip industry thanks in large part to developments in artificial intelligence (AI).
However, there is another semiconductor company I believe is getting overlooked in the midst of Nvidia's pursuit of the $1 trillion market cap club. (NASDAQ: QCOM) recently reported earnings for its fiscal third quarter, which ended June 25. While the results may initially appear a bit muted, there is more to the story.
Let's dig into Qualcomm's business and break down what is going on.
Source Fool.com
Qualcomm Inc. Stock
€166.66
0.490%
The stock is one of the favorites of our community with 45 Buy predictions and 1 Sell predictions.
With a target price of 180 € there is a slightly positive potential of 8.0% for Qualcomm Inc. compared to the current price of 166.66 €.
