Semiconductor investors seeking growth in the sector should target companies developing solutions for automotive, industrial, and data center markets.
After suffering painful declines in 2022, many tech stocks surged higher beginning late last year and into the first quarter of 2023. The company first became known as a business-to-business chip provider, collaborating with large clients to meet their needs. In 2018, it also began to diversify into enterprise software, and its proposed acquisition to buy VMware for $61 billion would dramatically enlarge that segment.
Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.