Investors looking to benefit from the growing adoption of AI smartphones should consider buying this chip stock while it is still cheap.Shares of Qualcomm (QCOM 2.66%) have enjoyed healthy gains of over 20% year to date, despite dropping 20% from the 52-week high it hit on June 18.However, there is a good chance this semiconductor stock could come out of this slump when it releases its fiscal 2024 third-quarter results on July 31. Let's see why that may be the case.Improving smartphone demand could help Qua ...