
The Tech Tailwind 5/23/23
Halftime Report
00:00
Qualcomm's Valuation Is Attractive
The stock is trading at 16 times forward estimates. The turnaround in the handset market has taken a lot longer than expected. I don't think it's going to happen over the next quarter or two. But at this price for Qualcomm, I just find it hard to sell.
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