Qualcomm - Undervalued and likely to fall in price

Qualcomm stock is undervalued relative to benchmark investments - and likely to move lower offering solid value investment opportunity

Qualcomm Stock - QCOM - Daily Chart

Qualcomm stock has been moving higher over the past few months on better-than-expected earnings. Still, QCOM stock is undervalued when compared to benchmark investments. The broader stock market is being fueled by AI mania. But, if that comes in to check then the entire stock market will wobble hard. At the same time, the US economy is softening, and this will affect stock prices as lower revenues mean lower profits for companies.

Within an expanding economy, Qualcomm performs well. With continually increasing revenues and profits, QCOM stock would be a solid value investment. If the stock market does fall from recent all-time highs, and the economy does shrink, this will offer an excellent long-term value investment.