Better Semiconductor Stock: AMD or Qualcomm
Advanced Micro Devices (NASDAQ: AMD) and Qualcomm (NASDAQ: QCOM) both saw their stock prices surge to all-time highs last year, but both semiconductor plays have stumbled in recent months as rising interest rates drove investors out of tech stocks and into more conservative investments.
Should investors buy shares of either chipmaker right now? Let's review their core business models, growth rates, and valuations to find out.
AMD and Qualcomm are both "fabless" chipmakers, meaning they outsource the production of their chips to third-party foundries. By comparison, integrated device manufacturers like Intel (NASDAQ: INTC) take the more capital-intensive route of manufacturing their own chips.
Source Fool.com
