News > Qualcomm Q2 profit forecast beats estimates amid AI push

Qualcomm Q2 profit forecast beats estimates amid AI push

01/02/2024 10:10 AM | Click to read full article

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 an 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 centres.

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