10 Undervalued Chip Stocks Near 52-Week Lows

5. Qualcomm (NASDAQ:QCOM)

Fresh off its court victory against ARM Holdings, Qualcomm stock is already up 7% YTD. Over the course of the last 6 months though, the stock has shed nearly 28% of its value, ending up quite close to its 52-week lows hit in February last year.

There are multiple reasons for this downturn. China is one, and with a semiconductor technology war continuing to stay in focus, that problem isn’t going away any time soon. The other one is Apple, a big client that intends to completely phase out the use of Qualcomm modems within the next 2 to 3 years.

These two problems have brought the stock close to its 52-week lows, giving investors an opportunity to load up on the stock. The worst seems to be priced in and with the new launches expected to add to the company’s topline in 2025, a recovery in the stock price could just be around the corner.