Qualcomm Stock Analysis: Take Your Profits and Wait for Lower Prices

Qualcomm (NASDAQ:QCOM) is steeped in the artificial intelligence trend, but it’s richly valued now as the sentiment surrounding AI chipmakers runs red-hot. If you have any available profits on Qualcomm stock, I encourage you to book them now. Qualcomm isn’t a bad company by any means, but the Qualcomm share price recently visited $200 and I’d much rather buy the stock at$150 or less. Otherwise, you might end up buying at the short-term top and, as the old saying goes, price chasers get punished.Qualcomm-Mi ...