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Benefiting from the increase in demand for AI chips, Qualcomm's Q2 performance was better than expected, from Wall Street to Lujiazui

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Qualcomm recently released a better than expected second quarter performance for the 2024 fiscal year, with revenue of $9.389 billion, a year-on-year increase of 1%; The net profit was 2.326 billion US dollars, a year-on-year increase of 37%; Not in accordance with US GAAP, the adjusted net profit was $2.761 billion, a year-on-year increase of 14%. Qualcomm also stated that benefiting from the wave of demand for AI chips in smartphones and PC computers, revenue in the next quarter will even accelerate.
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