Qualcomm reports earnings, revenue beat and issues strong forecast
1. Qualcomm beat earnings estimates, reporting EPS of $3.00. 2. The company projects strong revenue for Q1, between $11.8 billion to $12.6 billion. 3. Qualcomm faces future loss of Apple as a modem customer, diversifying its products. 4. New AI accelerator chips announcement lifted QCOM stock by 11%. 5. Revenue from handsets and automotive units increased, showing business resilience.