San Diego-Based Qualcomm Beats Estimates Amid AI Push ...Middle East

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San Diego-Based Qualcomm Beats Estimates Amid AI Push
source : Times of San Diego ( Middle East ) () 69
A Qualcomm trade show booth. REUTERS/Aly Song Qualcomm on Wednesday forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations but investors were concerned about the chip maker’s Android sales in China. The sales outlook reflects interest in new Qualcomm chips with features designed to help run chatbots, image generators and other artificial-intelligence features directly on a device instead of in cloud computing data centers. Shares seesawed in after-hours trading and were last down 0.8%. Qualcomm executives told analysts on a conference call that after a flurry of making new chips for Android phones released at the end

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