The following video is part of our "Motley Fool Conversations" series in which senior analyst Anand Chokkavelu, CFA, discusses topics across the investing world.

Qualcomm has been a major player in the mobile revolution with its chipsets and licensing agreements. As smartphones and tablets have taken off, Qualcomm has profited. It's one of the 30 largest U.S.-listed companies by market capitalization, but does it deserve to be a component in the Dow? Anand takes on the question.