Qualcomm Exceeds Expectations with Upbeat Forecast as AI Boosts Chip Sales in China
Qualcomm (QCOM.O) exceeded Wall Street expectations with its quarterly sales and profit forecast, driven by increased demand for its high-end chips featuring AI capabilities in Android smartphones, particularly in China’s recovering market. The company reported a 40% sales growth to Chinese smartphone makers, signaling a rebound in the region. CEO Cristiano Amon highlighted the growing …
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