"Qualcomm's AI-Driven Earnings Beat Signals Shaky Recovery"
Originally Published 1 year ago — by MarketWatch
Qualcomm reported strong quarterly profit, with revenue meeting expectations, as the company highlighted its position in the AI wave, particularly in the smartphone market with its Snapdragon technology. Despite the positive earnings, Qualcomm's shares initially rose in after-hours trading but later fell as the revenue outlook for the current quarter was in line with expectations. The company's management remains optimistic about the future, emphasizing the potential of its Snapdragon platforms and technology differentiation in various sectors, including handsets, automotive, PC, extended reality, and industrial Internet of Things.