Early 2026 brought a lift to semiconductor stocks from strong AI and data center spending, even as interest-rate volatility and supply-chain noise kept the sector choppy. Investors are rotating into names they see as undervalued, but short-term headlines can distract from longer-term fundamentals.
Qualcomm (QCOM) fits that pattern. Talk about Apple’s (AAPL) move to in-house modem chips has pressured the stock, yet Qualcomm’s core businesses—Android handsets, automotive, IoT, and data center initiatives—remain intact and performing.
