Why You Should Buy Qualcomm Stock Despite 3 Major Challenges
Qualcomm (NASDAQ: QCOM) just released numbers for its fiscal fourth quarter and fiscal 2022 (which ended September 25). Investors reacted negatively to the report, as it revealed the fiscal Q1 2023 results would likely point to a "low double-digit percentage decline" in revenue.
Three key challenges currently hamper Qualcomm. However, with its attractive valuation and market lead, investors might have written off the semiconductor stock too quickly.
Indeed, slowing consumer spending is an ongoing concern, but the company's 10-K may have offered more insight into this issue. When Qualcomm publishes this document, it offers investors some geographical context for its growth.
Source Fool.com
