This Incredibly Cheap Artificial Intelligence (AI) Stock Could Be About to Go on a Bull Run
QRVOQorvo(QRVO) The Motley Fool·2024-08-08 19:15

A jump in sales of AI-enabled smartphones could turn out to be a catalyst for this chip supplier. Artificial intelligence (AI) is having a positive impact on multiple industries across the globe, and the smartphone market is one of them. The advent of generative AI has started giving smartphone sales a nice lift following a difficult couple of years when shipments fell. The smartphone market contracted 11% in 2022, which was followed by a 3.2% decline last year. This explains why shares of Qorvo (QRVO), a n ...