Qualcomm named top pick by #1 chip analyst

Top Chip analyst Stacy Rasgon names Qualcomm as his "top pick" semi stock. Their entire approach has been validated, says Rasgon. The regulatory and customer road map at this point is clear for the first time in five or six years, and now you're free to enjoy a number of catalysts that are ready to play out over the next 12 months. There's room, even from a cyclical standpoint, says Rasgon, for it to do well next year, as opposed to some of the work-from-home markets like PCs.