I am bullish on Qualcomm (QCOM). It is the world’s No. 2 supplier of smartphone processors. Selling processors and 5G chipsets is a $16.5-billion annual business for Qualcomm. This company’s stock is trading at 26.8% discount to its 52-week high of $167.94. (See Analysts’ Top Stocks on TipRanks) Snapdragon Brand Is Strong Qualcomm’s market share in smartphone application processors is down to 24%. On the other hand, most high-end and mid-range Android phones and tablets still use Qualcomm’s Snapdragon processors. Mediatek (MDTKF), the No. 1 company now, sells Dimensity processors, which are usually used inside sub-$300 phones and tablets. Microsoft’s (MSFT) new $700 dual-screen smartphone uses a 5G-enabled Snapdragon 855 System-on-Chip.
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QUALCOMM (NASDAQ:QCOM)
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QUALCOMM (NASDAQ:QCOM)
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