The recent share-price swings in the semiconductor space could justifiably leave some investors scratching their heads. Names that have struggled in recent years like Intel (INTC +7.38%) and AMD (AMD +8.04%) have absolutely crushed the market, while Qualcomm (QCOM +3.52%), one of the best-positioned companies in this space, has been embarrassed by just about every other stock on the market. It's easy for investors to get caught up in the short-term swings. In the video below, Fool contributor Andrew Tonner explains why Qualcomm is the best pick for long-term investors.