Qualcomm Is Ready to Ride the 5G Wave
Mobile chip juggernaut Qualcomm (NASDAQ: QCOM) reported fiscal fourth-quarter earnings results earlier this week, with shares soaring as investors cheered the strong outlook. Revenue jumped 73% to $8.3 billion, although that figure included $1.8 billion related to a settlement with Huawei following a prior licensing dispute. On an adjusted basis, revenue was $6.5 billion.
The real cause for celebration was Qualcomm's guidance, which was buoyed by strong demand for 5G modems.
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Source Fool.com
