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Sam Quirke

Qualcomm Is on Its Biggest Uptrend in 2 Years—Can It Continue?

Qualcomm MarketBeat Nasdaq

Tech giant Qualcomm Inc. (NASDAQ: QCOM) has long tested investors' patience. While more well-known peers, such as NVIDIA Corporation (NASDAQ: NVDA), have ridden the artificial intelligence (AI) wave to record highs, Qualcomm has remained effectively idle and is currently trading at 2021 levels. As we’ve written about several times in recent months, the company has been one of the most frustrating semiconductor stories in the market.

However, there are signs that the company is finally starting to shed that reputation. Shares closed just under $170 on Friday, their highest level since last February, and are in the middle of the stock’s most convincing rally in nearly two years.

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