One of the best-performing stocks of late has to be Qualcomm (QCOM). This chip maker recently soared to a new all-time high this month on a variety of catalysts. This is a company that's devoted to developing next-generation chips for the burgeoning Internet of Things (IoT) space. Qualcomm is also a company that's integral to the functioning of the communications sector, providing a range of software and wireless technology services to bolster growth in the 5G space. However, given how fast QCOM stock has run, there's undoubtedly some concerns about this company's valuation. I'm currently bullish on this stock.
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QUALCOMM (NASDAQ:QCOM)
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QUALCOMM (NASDAQ:QCOM)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more QUALCOMM Charts.