Deutsche Bank’s Ross Seymore has been reviewing the impact of COVID-19 on the semiconductor industry, and it has become apparent that due to supply chain disruption and “eventual demand delay and destruction,” the sector as a whole will suffer in the near to mid-term. There are certain companies, though, that following the downturn, currently “yield an attractive risk/reward.” Qualcomm (QCOM) is among those.Qualcomm was one of the first companies to warn of the impending impact of the coronavirus. When in early February the chip giant widened the range of its EPS guidance due to the viral outbreak in China, the …read more
Source:: Yahoo Finance
