30 Billion Reasons Why This Nasdaq Stock Is a Screaming Buy

Harsh Chauhan, The Motley Fool
·4 min read
30 Billion Reasons Why This Nasdaq Stock Is a Screaming Buy

The stock market may not look like a good place to be right now, as the Federal Reserve's hawkish nature has sent equities tumbling in 2022, but this has opened a solid opportunity for savvy investors to buy some great companies at attractive valuations. Qualcomm (NASDAQ: QCOM) is one such company that investors may want to buy hand over fist right now, especially after its latest announcement pointing toward a massive acceleration in its automotive business. On Sept. 22, Qualcomm said in a news release that its design win pipeline in the automotive market has now increased to $30 billion thanks to the growing adoption of its Snapdragon platform in the auto industry.

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