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Could Qualcomm Become the Next Nvidia?

TheMotleyFool 
0 0 19.02.24
Could Qualcomm Become the Next Nvidia?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png
 

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.

Image source: Getty Images.

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Source Fool.com

Qualcomm Inc. Stock

€143.92
3.410%
A very strong showing by Qualcomm Inc. today, with an increase of €4.74 (3.410%) compared to yesterday's price.
Our community is currently high on Qualcomm Inc. with 40 Buy predictions and 10 Sell predictions.
With a target price of 174 € there is a positive potential of 20.9% for Qualcomm Inc. compared to the current price of 143.92 €.
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