Qualcomm Tops Q4 Estimates with Strong Chip Demand, Eyes AI Expansion
Qualcomm delivered a robust fiscal Q4 performance, surpassing analyst expectations with $3 EPS and $11.27B revenue - a 10% YoY increase. The chipmaker's bullish $12.2B midpoint guidance for current-quarter revenue signals sustained demand for its mobile processors, despite anticipated attrition of Apple's iPhone business.
The company is aggressively diversifying into AI-enabled PC chips and Meta's smart glasses, mirroring crypto industry trends where projects like FET and AGIX pivot to AI-blockchain convergence. Qualcomm's impending AI chip launch could catalyze parallel innovation in crypto hardware, particularly for decentralized ML applications.