Could Qualcomm Become the Next Nvidia?
Nvidia's (NASDAQ: NVDA) stock price skyrocketed 1,750% over the past five years, turning it into the world's most valuable chipmaker, with a market cap of $1.8 trillion. That historic rally -- which was driven by soaring sales of data center GPUs for processing artificial intelligence (AI) tasks -- left Nvidia's semiconductor rivals in the dust.
One of those rivals was Qualcomm (NASDAQ: QCOM), which was more valuable than Nvidia nearly five years ago. Back in May 2019, Qualcomm had a market cap of $104 billion, while Nvidia was worth $103 billion. But today, Qualcomm is only worth $174 billion, making it less than a 10th as valuable as Nvidia.
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Source Fool.com
Qualcomm Inc. Stock
€137.44
-1.250%
With 28 Buy predictions and 2 Sell predictions Qualcomm Inc. is one of the favorites of our community.
As a result the target price of 172 € shows a positive potential of 25.15% compared to the current price of 137.44 € for Qualcomm Inc..
