Qualcomm Is Poised for a Breakout in 2027
Qualcomm continues to get dragged down by weakening fundamentals and Apple's departure, but AI can reignite the stock.
Overview
Qualcomm (NASDAQ: QCOM) has lagged other semiconductor companies this year. It's down by about 7.1% year to date, while the iShares Semiconductor ETF has surged by more than 68%.
That's a big difference, but this underperformance and upcoming projects may give Qualcomm what it needs to break out in 2027. Qualcomm's pivot to AI chips has received a warm reception from key players, and it should translate into tangible revenue growth next year.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.