by winston » Sun Sep 20, 2020 8:38 am
not vested
Tech Stocks to Buy on the Rebound
By Alex Kagin
Qualcomm Inc. (QCOM), while not as well-known as Microsoft, might as well be given its dominance in the semiconductor market.
In 2019, the smartphone application processor market was roughly $20 billion in size, and Qualcomm had the largest market share at 36%.
That means its product was in over one-third of all smartphones in the world. Even better, according to Strategy Analytics, it captured over 50% share in 5G smartphones.
With 5G in the future, this could be good news for Qualcomm. Not only does it make semiconductors for smartphones, it makes chips for cars, cameras, networking equipment, and IoT solutions for the industrial market.
This market is not going away anytime soon, and advanced semiconductors are getting more important every day as electronics get smarter.
Right now, Qualcomm is trading around 8% from its high.
Source: Stratregic Tech Investor
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