The Stock Market Is Giving Investors a Second Chance to Buy This Incredible AI Chip Stock

Qualcomm is presented as an attractive buying opportunity following a semiconductor sector sell-off in July 2026. The company is positioned to benefit from AI adoption in mobile devices through its Snapdragon chips and has ambitious plans to generate $15 billion in data center revenue by 2029, with deals already in place with hyperscalers and Meta. Despite near-term headwinds from rising memory prices and Apple dropping its baseband chips, the stock trades at a reasonable 15.3x forward earnings multiple.