Is Qualcomm a Millionaire-Maker Stock?
Most investors looking for a great artificial intelligence (AI) investment seem to find Nvidia first. And that's understandable. Not only is the company's technology at the heart of most AI platforms, but it's performed like a champ since the artificial intelligence craze began in earnest a couple of years ago. Indeed, Nvidia shares' 400%-plus run-up since this point in 2022 has likely turned a handful of investors into millionaires already.
Nvidia isn't the only outfit to benefit from the ongoing growth of the AI industry, however. Now that the dust is settling, it's becoming clear there's more to the movement than mere computer processors. Walls full of individual processors must be linked together, and as time marches on, artificial intelligence solutions must move beyond data centers into people's mobile devices -- smartphones -- for the technology's potential to be fully realized.
Enter (NASDAQ: QCOM), which may be AI's next great investment, even if few folks are talking about it right now.
Source Fool.com
Qualcomm Inc. Stock
The stock is one of the favorites of our community with 48 Buy predictions and 2 Sell predictions.
With a target price of 178 € there is a slightly positive potential of 15.69% for Qualcomm Inc. compared to the current price of 153.86 €.
