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One Chip Stock to Buy Not Named Nvidia

TheMotleyFool 
0 0 12.08.23
One Chip Stock to Buy Not Named NvidiaPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/8b396c5d-cf01-4937-89c4-91ad2f28f1ee.png
 

The semiconductor industry has been off to a scorching hot start so far in 2023. In particular, Nvidia and Advanced Micro Devices have helped fuel the chip industry thanks in large part to developments in artificial intelligence (AI).

However, there is another semiconductor company I believe is getting overlooked in the midst of Nvidia's pursuit of the $1 trillion market cap club. (NASDAQ: QCOM) recently reported earnings for its fiscal third quarter, which ended June 25. While the results may initially appear a bit muted, there is more to the story.

Let's dig into Qualcomm's business and break down what is going on.   

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Source Fool.com

Qualcomm Inc. Stock

€145.16
4.300%
A very strong showing by Qualcomm Inc. today, with an increase of €5.98 (4.300%) 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 slightly positive potential of 19.87% for Qualcomm Inc. compared to the current price of 145.16 €.
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