- The Qualcomm stock is still caught in consolidation, which has been going on since January when Qualcomm reached an all-time high of over $160 per share.
- Qualcomm stock is taking a breather before the next peak storm.
- Today, Qualcomm is in an extremely comfortable position. Even the loss of market share to MediaTek does not change that.
- Looking at the downside risks, I see far greater exposure with many of Qualcomm's other peers, especially regarding everybody's darlings AMD and Nvidia.
- If the general market sentiment remains intact, this is the right time to add more Qualcomm shares to your portfolio.
For further details see:
Qualcomm Stock: Breather Before The Next Big Peak Rush To New All-Time Highs