Direxion Daily QCOM Bear 1X ETF

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Shares of semiconductor maker Qualcomm (QCOM) are higher by 30% over the past year, but more impressive is a 45.61% surge over the past month — a period including the company's latest earnings update. But that also includes an 8% drop last week.

Shares of semiconductor maker Qualcomm (QCOM) are higher by 30% over the past year, but more impressive is a 45.61% surge over the past month — a period including the company's latest earnings update. But that also includes an 8% drop last week.

Artificial intelligence: it's about all the business news media can seemingly discuss these days, and for good reason. Session after session, software specialists and semiconductor giants have witnessed a blistering rise in their valuations.