Qualcomm jumps as AI sparks rebound in Chinese smartphone market

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Qualcomm jumps as AI sparks rebound in Chinese smartphone market RTE | , 10:03 p.m. May 2, 2024

Qualcomm shares rose 4% in premarket trading today after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump. Sales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said, as...

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