%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Small-cap stock Qorvo (NASDAQ: $QRVO ) is a great way to play the current boom in semiconductors. Based in North Carolina and a going concern since 2015, Qorvo makes semiconductors that are used in smartphones, electric vehicles, defense systems, and smart home devices. Despite being a relatively new player in the space, demand for the company's processors is booming, as is the stock price. Over the last 12 months, QRVO stock has risen 41% to trade at $84.73 U.S. per share. The share price is down a slight 2% this year amid market volatility. While not providing direct exposure to artificial intelligence, Qorvo is still involved in several hot areas of the global economy. Yet its market capitalization is only $7.88 billion U.S., making it a small-cap stock. The shares also carry a fairly modest valuation, trading at 23 times this year's earnings estimates. There's no dividend offered, but the share price growth and outlook remain strong. Analysts at British bank Barclays (NYSE: $BCS ) recently upgraded QRVO stock to a Buy rating from Hold previously. Barclays also placed a $100 price target on Qorvo's stock, which is 18% higher than where it currently trades. As demand for semiconductors accelerates, QRVO stock could be worth considering.