Qualcomm Exceeds Sales Estimates
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smartphone marketsReuters
•Qualcomm forecasts beats estimates, shares jump 11%
83% Informative
Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates.
The San Diego , California -based company is the biggest supplier of smartphone chips.
Qualcomm is benefiting from a recovery in the smartphone markets as consumers upgrade devices for artificial intelligence applications.
Investors are trying to gauge how quickly its revenue stream from Apple will fade.
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