Why Investors Should Keep Their Eyes on Qualcomm Stock
Although Qualcomm (NASDAQ: QCOM) stock has suffered amid antitrust issues, coronavirus may bring another challenge to light. While its products facilitate activity in a world locked down, the company's deep exposure to China poses a threat that could linger long after the virus ceases to act as a threat.
However, the advent of 5G also presents an unprecedented opportunity for investors. As the dominant producer of 5G chipsets, the need for Qualcomm's technology could send the stock much higher in the coming years. Moreover, the stock's current levels also offer investors an opportunity to buy a high-growth income stream and a generous dividend payout at a reasonable price. In the coming years, these advantages could make Qualcomm stock a buy despite any China-related challenges.
Qualcomm stock has staged a dramatic recovery since reaching a recent low of $58 per share in mid-March. After making a steady comeback, it has recovered to about the $77 per share level. Still, even with that recovery, Qualcomm stock remains well below the January high of $96.17 per share.
Source Fool.com
