Even after a bounce to start this week, the stock is still stuck in a sideways drift and has failed to inspire the kind of momentum investors are seeing across the broader market.
But for those of us watching from the sidelines, there are still plenty of reasons to keep Qualcomm on the radar. As we’ve written about recently, the stock is trading cheap relative to the rest of the sector, and its core businesses remain fundamentally sound. The challenge has been market sentiment, not necessarily execution.
