Overview

• Qualcomm reported record quarterly smartphone chip revenue of $7.57 billion, surpassing analyst expectations by over $500 million.
• Despite strong earnings, Qualcomm's stock declined after-hours, partly influenced by cautious guidance from peer Arm Holdings and broader market factors.
• AMD posted a 71% year-on-year growth in data center segment revenue but fell short of Wall Street's $4.15 billion forecast, leading to a 9% drop in its stock price.
• Analysts adjusted AMD's price targets downward, citing challenges in competing with Nvidia's dominance in AI chips and slower-than-expected data center growth.
• Both companies highlighted long-term growth strategies, with Qualcomm focusing on diversification and AMD emphasizing its AI and data center product roadmap.