Qualcomm forecast third-quarter results below expectations, but CEO Cristiano Amon’s upbeat comments on a recovery in its core smartphone business and data center opportunities pushed its shares up 15% in extended trading.
In an interview with Reuters, Amon said the chipmaker was confident that the smartphone market will start to rebound after its fiscal third quarter.
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“We can now call the bottom,” Amon said, adding that the company’s licensing business, … [2461 chars]
Source: Reuters | Published: 2026-04-29T20:03:41Z
Credit: Reuters
