Qualcomm jumps as AI sparks rebound in Chinese smartphone market
Yahoo Finance -

Sales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said on Wednesday, as buyers there gravitate toward higher-priced devices that can accommodate AI chatbots. "Chinese vendors who traditionally relied more on MediaTek, are going to start leveraging Qualcomm's high-end chips more as they push hard into the AI Agenda," said IDC analyst Nabila Popal. "They further represent an upside for Qualcomm because majority of the recovery is also going to be...

In related news