Qualcomm: The Quarter Was Solid, Shares Are Fairly Valued

Michael ViOver the last year or so, the semiconductor industry has been one of the hottest places to invest. The iShares Semiconductor ETF (SOXX) is up by more than 44% during the past 12 months (more than doubling the S&P 500’s 19.15% performance). Stocks like Nvidia (NVDA), Broadcom (AVGO), and Advanced Micro Devices (AMD) seem to get most of the publicity here (and for good reason). Their artificial intelligence prospects have pushed shares of those companies higher by triple digits during the last y ...