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Qualcomm Profits Soar On AI Chip Boom As Snapdragon X Disrupts PC Landscape

Qualcomm Profits Soar On AI Chip Boom As Snapdragon X Disrupts PC Landscape
Qualcomm has reason to strut around like a peacock after posting its latest earnings report, which reflected just shy of $9.3 billion in revenue for the second quarter of 2024, and net income of $2.3 billion. While the former is just a 1% jump from the same quarter a year ago, Qualcomm’s net income is up significantly, to the tune of 37% year-over-year.

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Author: Paul Lilly