Why I'm Buying More Qualcomm Stock In 2024

Old and boring wireless communications chip technologist Qualcomm (QCOM 0.84%) sported a stellar total return (share price plus dividends reinvested) of 32% in 2023. It was an impressive showing, especially considering that the smartphone market (still the bulk of Qualcomm's revenue) was in a deep slump last year. But with the smartphone market bottoming out and 5G network expansion still ongoing, I'm optimistic Qualcomm stock can do well again in 2024. Here's why I added to my position to kick off the new ...