Better Buy: Lumentum vs. Qualcomm

Better Buy: Lumentum vs. Qualcomm

Lumentum (NASDAQ: LITE) and Qualcomm (NASDAQ: QCOM) both provide essential components for smartphones. Lumentum produces 3D-sensing chips for advanced cameras, and Qualcomm is the world's largest producer of mobile chipsets, which bundle together CPUs, GPUs, and baseband modems for smartphone manufacturers. Lumentum's stock has rallied nearly 400% over the past five years, while Qualcomm's stock has advanced over 250%.