Is This the Most Overlooked AI Stock Trading Today?
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The artificial intelligence (AI) megatrend has supercharged the semiconductor sector in the past three years, and that's reflected in the 148% gain clocked by the PHLX Semiconductor Sector index during the period. A number of companies have benefited from the booming demand for the specific types of high-end chips required to run AI workloads in data centers, and their sales and earnings gains have resulted in massive jumps in their stock prices.Qualcomm (NASDAQ: QCOM), however, has experienced far less of that AI tailwind so far. Its shares are up just 33% in the past three years, substantially underperforming the semiconductor sector. A key reason why that has been the case is because of its reliance on the slow-growing smartphone segment for a major chunk of its revenue.Investors, however, would do well to take a closer look at this semiconductor company right now as AI is likely to give its business a big boost. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool