Qualcomm (NASDAQ:QCOM) is a top semiconductor chipset stock to own for long term. Listed below are the reasons to own Qualcomm stock.

finviz dynamic chart for QCOM

  • 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.

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