While NVDA has returned 114.8% over the past year, QCOM has gained 73.1%. With top cloud companies deploying their AI computing and 5G platforms, we think these two companies should continue to grow this year and beyond. So, stocks such as NVDA and QCOM are set to witness robust demand for their chips, which are needed in 5G-enabled devices. The ramp up of 5G deployment is setting the stage for improved internet experiences. It operates through three segments – Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). San Diego-based QCOM is involved in the development of foundational technologies and products used in mobile devices and other wireless products. Santa Clara-based NVDA operates as a visual computing company through two segments – GPU and Tegra Processor. NVIDIA Corporation ( NVDA) and Qualcomm Incorporated ( QCOM) are two well established semiconductor chipmakers.
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