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CEO Cristiano Amon expressed optimism about recovering from recent market setbacks.
Qualcomm shares surged over 13% on renewed optimism for smartphone and data center businesses.
KEY POINTS
- Qualcomm is co-developing an AI-focused smartphone in partnership with MediaTek.
- Apple's in-house modem chip development could significantly reduce Qualcomm's future market share.
- Rising memory chip prices are decreasing consumer electronics demand, impacting Qualcomm's core markets.
COMPANIES
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