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Barchart
Barchart
Sushree Mohanty

Is Qualcomm the Best Semiconductor Stock to Buy Right Now?

Qualcomm QCOM Semiconductor Automotive Dell Xiaomi

Valued at $157.4 billion, Qualcomm (QCOM) has positioned itself as a strong contender in the semiconductor space by leading in mobile processors, making a significant push into artificial intelligence across devices, and expanding into automotive, internet of things, and data centers. The company just reported strong fiscal third quarter results and is still on track to meet its ambitious fiscal 2029 goal of $22 billion in combined automotive and IoT revenue. If the company’s current trajectory continues, it could be one of the best growth plays in the semiconductor industry. QCOM stock is down 3.8% year-to-date, compared to the tech-heavy Nasdaq Composite Index’s ($NASX) gain of 10.9%. Let’s find out if QCOM stock is a buy now on the dip.

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