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.
QCOM still the top 5G chipset producer.
No company can beat QCOM in 5G chipset.
Top 5G company, QCOM.
No competitor that is close to QCOM. It dominates 5G chipset.
Top growth chip company, QCOM.