"Qualcomm's AI Chip Sales Drive Earnings Beat Despite Stock Slip"

Qualcomm reported better-than-expected fiscal first-quarter results driven by a recovery in smartphone demand, with adjusted earnings per share of $2.75 on revenue of $9.92 billion. However, concerns arose as the company predicted flat chip revenue in China for the next quarter, leading to investor wariness and a slip in share prices despite the profit beat. Analysts noted potential market share headwinds and limited growth potential in the intermediate term.