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Barchart
Barchart
Amit Singh

Is Now a Good Time to Buy Qualcomm Stock?

Qualcomm QCOM Automotive Oppo Amazon Internet

Shares of the chip designer Qualcomm (QCOM) are up about 26.7% year-to-date, with yesterday's 4% rally carrying the stock's 2024 return past the S&P 500 Index’s ($SPX) 24% gain. While QCOM is down 20% from its YTD highs, recent developments signal promising opportunities for investors.

Qualcomm’s latest fiscal Q4 earnings report provided a much-needed boost. The company exceeded Wall Street expectations for Q4 and delivered strong guidance for Q1, setting up QCOM stock for a broadly higher open this morning. 

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