In recent times, Qualcomm stock has experienced a decline, currently trading at $153 per share, which is approximately 20% below its pre-inflation shock high of $189 observed in December 2021. However, despite this setback, there is potential for meaningful gains ahead.
The performance of Qualcomm's stock over the past few years can be attributed to a slowdown in the smartphone and tablet market, as consumer spending and demand for computing and mobile devices cooled down following the impact of the Covid-19 pandemic. However, there have been signs of improvement in recent times.
