Reported 18 days ago
Qualcomm's stock rose 4% following a strong quarterly revenue forecast, indicating optimism about a recovery in the smartphone market, particularly in China. With major Chinese brands like Xiaomi and Oppo launching new devices, Qualcomm anticipates increased sales driven by consumer upgrades for AI applications. As it prepares for a shift in revenue sources beyond Apple, Qualcomm is also focusing on automotive and IoT markets to mitigate potential losses.
Source: YAHOO