Qualcomm Stock Is Nearly Back to Its All-Time High -- Is It Too Late to Buy?

The mobile chip leader could be headed for significant growth as consumer electronics upgrades heat up again.While it's not the hottest semiconductor stock out there, Qualcomm (QCOM -2.36%) has been delivering solid gains so far in 2024. Year to date, it's up 14%, versus 10% for the iShares Semiconductor ETF, which tracks the performance of the top chip stocks (Nvidia included) in the U.S. Clearly, investors are feeling optimistic about Qualcomm, but what's driving the stock higher, and is it still a good t ...