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Qualcomm bets on smartphone comeback and data center chips as earnings slump looms
Technology
Published on 30 April 2026
New data center products could offset consumer slowdown
Qualcomm expects lower third-quarter earnings, but investors are focusing on signs of a smartphone rebound and a push into data center chips. CEO Cristiano Amon says new products will drive future growth as the company looks to balance challenges in consumer electronics. The stock jumped sharply on the strategy shift, signaling optimism despite near-term caution.
- Qualcomm projects lower third-quarter earnings ahead
- Smartphone rebound hopes are driving renewed investor confidence
- The company is expanding into the data center chip market
- Shares rose sharply after the update
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times