Qualcomm and Arm see momentum in AI, but smartphone weakness weighs on both stocks - SiliconANGLE

Qualcomm and Arm see momentum in AI, but smartphone weakness weighs on both stocks - SiliconANGLE

Qualcomm and Arm beat Q3 but guided down: Qualcomm handset sales fell 21%, Arm royalty growth halved; both raising prices from September on component surge. AI data center pivot (Qualcomm $5B, Arm AGI $2B+) masks margin crisis—watch capex shift from mobile to inference infrastructure.