Artificial intelligence: it's about all the business news media can seemingly discuss these days, and for good reason. Session after session, software specialists and semiconductor giants have witnessed a blistering rise in their valuations. However, one chipmaker — Qualcomm Inc. (NASDAQ:QCOM) — has been unusually quiet compared to its peers.
Indeed, it's difficult to argue against the technical evidence. Since the start of the year, QCOM stock has gained just a little over 6%. In contrast, the benchmark Nasdaq Composite has gained over 17%. Pouring salt on open wounds, Qualcomm's closest peers — such as Nvidia Corp. (NASDAQ:NVDA) and Broadcom Inc. (NASDAQ:AVGO) — have gained about 34% and 52%, respectively, during the same period.
