Is Qualcomm Stock A Buy?

Established by Irwin Jacobs in 1985, Qualcomm is an American wireless technology company that develops technologies like 3G, 4G, and 5G used in phone devices, including network equipment, broadband gateway, and other electronic devices.

The company showed an outstanding performance for the past 5 years, gaining an increase of +114% of its stock price and +24% year-over year. Its gains were buoyed by surging demand for 5G handsets. The chipmaker giant’s revenue by the end of 2020 was $23.5B, current revenue of $32.58B, with shares outstanding of 1.128B.

Qualcomm’s earnings per share growth is expected to grow 96.7% this year, beating the industry average, which indicates that Qualcomm is a potential outperformer and a solid choice for growth investors.

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