Up 15% YTD, Is Qualcomm Stock Still a Buy?

The growth potential for artificial intelligence (AI) as the technology is adopted across a wide spectrum of industries has been a hot topic for investors over the past year. Touted as one of the most influential and revolutionary technological developments of the past century, AI looks poised to impact just about every aspect of daily life in the coming years.

And the proverbial beating heart of this AI revolution are specialized semiconductor chips, an essential component to the computing architecture necessary for advanced AI tasks. With the global chip industry set to reach a market size of $1.13 trillion by 2033, semiconductors are effectively among the “shovels” being used to dig up the AI “gold.”