QUALCOMM, headquartered in San Diego with 50,000 employees, develops technologies for mobile and wireless devices. Its main segments are QCT, which focuses on integrated circuits, and QTL, which manages licensing of patents.
QCOM has been in the news recently: Qualcomm Inc. reported second-quarter earnings of $2.85 per share and $10.84 billion in revenue, surpassing expectations, but its shares declined due to a lowered revenue forecast of $10.3 billion. This financial performance comes amid broader market challenges, including ongoing economic concerns and competitiveness in the AI sector highlighted by Nvidia's CEO.
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