Is this the most overlooked AI stock trading today?

Qualcomm's stock has underperformed the semiconductor sector, rising only 33% in the past three years due to its reliance on the slow-growing smartphone segment. However, AI is expected to boost Qualcomm's business significantly. The company is gaining traction in the generative AI smartphone space and expanding its data center and IoT businesses. Qualcomm's stock is currently undervalued, trading at 14 times forward earnings, making it an attractive buy given its growth potential in AI.