Qualcomm Is an Attractive Chip Stock to Buy

Qualcomm (NASDAQ:QCOM) has been a wild, up-and-down ride for the past three years, which has probably left some long-term investors investors feeling a bit queasy.

First, there was a lot of volatility in the stock because of the failed NXP Semiconductor (NASDAQ:NXPI) acquisition. Then there were ongoing issues with Apple (NASDAQ:AAPL), that were raging until earlier this year when they were finally resolved. Both companies dropped all lawsuits involved at the time. But the combined volatility from all this uncertainty has provided investors multiple opportunities to go long over the past three years.