This Growth Stock Might Be Ready to Go Parabolic, and It Is Incredibly Cheap Right Now
QRVOQorvo(QRVO) The Motley Fool·2024-06-26 22:15

The booming demand for AI-enabled smartphones could give this chip stock a nice shot in the arm.Known for primarily supplying chips to smartphone manufacturers, Qorvo (QRVO -0.26%) has delivered underwhelming returns on the stock market so far in 2024 with a flat performance. That's quite weak compared to the 32% gains that the PHLX Semiconductor Sector index has delivered so far this year, but the good part is that Qorvo stock has gained impressive momentum of late.A closer look at the chart below indicate ...