Qualcomm Stock Is a Buy but Not Because of Its Automotive Segment

Qualcomm Stock Is a Buy but Not Because of Its Automotive Segment

Qualcomm's (NASDAQ: QCOM) first automotive-investor day has brought attention to the company for something other than smartphones. While much of its previous effort has focused on the metaverse, Qualcomm is now making its mark on the automotive sector. Qualcomm gained attention in the automotive sector when it announced a "breakthrough automotive processor" in 2016.