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San Diego, California-based QUALCOMM Incorporated (QCOM) operates as a multinational semiconductor and telecommunications equipment company. With a market cap of $181.5 billion, the company develops and delivers digital wireless communications products and services based on CDMA digital technology.
Shares of this semiconductor and equipment giant have underperformed the broader market over the past year. QCOM has gained 29.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.7%. In 2024, QCOM stock is up 10.9%, compared to the SPX’s 25.5% rise on a YTD basis.
