Is Qualcomm Stock a Buy Right Now?

By Neil Rozenbaum – Jun 29, 2022 at 11:00AM

NASDAQ: QCOM

Qualcomm

Market Cap

$182B

Today's Change

(-0.20%) -$0.33

Current Price

$163.30

Price as of April 25, 2024, 4:00 p.m. ET

Bad news for Apple means good news for Qualcomm and its shareholders.

In this video, I will talk about Qualcomm (QCOM -0.20%), the reason the stock popped yesterday when the overall market was red, and how its business is expanding and evolving. A TF International Securities analyst reported that Qualcomm will remain the main supplier of 5G chips for Apple (AAPL 0.52%) iPhones and will supply 100% of the mobile modems manufactured in 2023.

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*Stock prices used were the closing prices of June 28, 2022. The video was published on June 29, 2022.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Qualcomm. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.