Amazon Deal Triggers Expansion Hopes for Qualcomm in Data Center Market
A recent arrangement between Amazon and Qualcomm could lead to further expansion of Qualcomm's presence in the data center market. According to The Motley Fool, this multibillion-dollar deal may open doors for Qualcomm (NASDAQ: QCOM) to tap into new opportunities. In a separate context, Nvidia was mentioned as an example of a company that investors might have missed in 2009. However, another chipmaker is now flashing the same 'Total Conviction' signal.
Before investing in Qualcomm, potential buyers should consider the views of The Motley Fool's Stock Advisor analyst team, which did not include Qualcomm among its top picks. Historically, the team has identified stocks that have produced significant returns, with Netflix and Nvidia being notable examples from past lists. Since 2004, the average return for the recommended stocks has been 942%, outperforming the S&P 500 by a wide margin.