Don’t Let Uncertainty Make You Miss out on This Qualcomm Stock Weakness

Just when everyone thought Qualcomm (NASDAQ:QCOM) had solidified its market dominance by ending one battle, two other significant obstacles appeared yo hamper Qualcomm stock. The intensified trade war with China threatened growth in its largest market. Moreover, an FTC ruling that Qualcomm violated antitrust law wiped out most of the recent gains in QCOM stock. However, even though uncertainty remains, Qualcomm’s problems are a reason to readjust expectations rather than positions.

Despite the challenges, I remain bullish on Qualcomm. First, the present and the future of wireless still depend on Qualcomm. Much like Microsoft (NASDAQ:MSFT) had a stranglehold on PC operating systems in the 1990s, Qualcomm dominates the market in the chipsets that make smartphones possible. Even though Apple fought for years to not pay Qualcomm’s licensing fees, the need for the company’s modem chips forced the company to settle. Moreover, the fact that Intel struggled to adequately compete may also mean that Apple’s attempt to develop these chipsets internally may not succeed.

Source: InvestorPlace

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