Qualcomm (NASDAQ:QCOM) is a top semiconductor chipset stock to own for long term. Listed below are the reasons to own Qualcomm stock.
- Qualcomm is the leading supplier for 5G smartphone chipsets as 5G market market should explode dramatically higher in the coming years.
- Qualcomm continues to expand from smartphone chips to data centers, connected cars and cloud gaming.
- Qualcomm will leverage its tech for AI applications in the auto and consumer sectors in the future.
- Qualcomm stock has relatively low valuation (P/E ratio of about 21) and has more analysts being bullish about the stock.
In conclusion, Qualcomm stock provides a huge opportunity for investors to invest for the long term.