Investors looking to buy a potential AI winner trading at a reasonable valuation should consider taking a closer look at this company.

With less than two months remaining in 2024, now is a great time for investors to think about which stocks they want to carry into 2025. At the moment, artificial intelligence (AI) looks like it will continue to be a dominant theme across the market in 2025, so you might want to start by looking at companies that compete in that arena.

Artificial intelligence (AI) has turned out to be one of the key reasons behind the healthy growth of the semiconductor industry. The proliferation of this technology has driven an increase in demand for multiple types of chips ranging from application-specific integrated circuits (ASICs) to processors to memory.

Qualcomm (NASDAQ: QCOM) stock hasn't exactly set the market on fire this year as compared to some other illustrious names in the semiconductor industry. Shares of the chipmaker are down 26% since hitting a 52-week high on June 18 as of this writing.