Why Qualcomm Stock Could Still Be a Great Value Now

The old leader in mobile connectivity chips might be catching a new tailwind.Believe it or not, old mobile-chip giant Qualcomm (QCOM 4.26%) has been a hot stock so far in 2024. After getting clobbered in the aftermath of the pandemic-era consumer electronics spending spree, shares have rallied to all-time highs and are up nearly 40% so far this year. There's good reason for this stock price jump. Though the smartphone market is likely to remain tepid, Qualcomm has developed two newer consumer markets that a ...