QUALCOMM Incorporated (QCOM.SW)
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QUALCOMM Second Quarter 2024 Earnings: EPS Beats Expectations
QUALCOMM ( NASDAQ:QCOM ) Second Quarter 2024 Results Key Financial Results Revenue: US$9.39b (up 1.2% from 2Q 2023...
- Yahoo Finance Video
Qualcomm CFO details 'first steps' of AI integration in phones
Qualcomm Inc. (QCOM) has issued an upbeat sales outlook, boosted by the chipmaker's anticipation of a resurgence in smartphone demand from China. To delve deeper into this forecast, Qualcomm' Chief Financial Officer Akash Palkhiwala joins Yahoo Finance anchor Julie Hyman. Palkhiwala states that the company is "very happy" with the current dynamics in the smartphone market, citing a trend of Android users gravitating "toward more premium devices." Looking ahead, the CFO reveals that Qualcomm is embarking on its "first steps" to integrate generative AI capabilities into devices, with the aim to extend this technology into the company's automotive and PC sectors in the future. Palkhiwala highlights that the integration of generative AI has already started within the company's hardware offerings. However, the primary focus moving forward will be on enhancing use cases and features within premium devices. "We're at the front end of a multiyear trend, and we're excited about what the devices can do with this capability," Palkhiwala told Yahoo Finance. "There's an upside opportunity for us if this drives an upgrade cycle in smartphones." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance Video
Semiconductor stocks: What mixed results signal for the sector
The chip sector is off to a rocky start in 2024. After experiencing significant growth in 2023, some of the most popular semiconductor stocks exhibit mixed performance during this earnings season. Yahoo Finance's Julie Hyman breaks down what this means for the sector as a whole, emphasizing that the dispersion within the semiconductor space is largely due to the difference in end markets. For instance, Nvidia's (NVDA) success can be attributed to its distribution to data centers, where its chips are used to power artificial intelligence. Similarly, Qualcomm's (QCOM) stock was up last quarter due to increased smartphone demand. Hyman explains the critical takeaway lies in "where these companies are selling chips to and for what purpose." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
