Qualcomm results suggest supercycle is on the horizon: Analyst

Qualcomm Inc. exceeded expectations in its second quarter earnings, with adjusted earnings of $2.44 per share and revenue of $9.39 billion. Analysts Kevin Cassidy and Patrick Moorhead discussed these results, highlighting the significant growth in Qualcomm's automotive sector, which saw its backlog increase from $30 billion to $45 billion in 18 months. Moorhead is optimistic about a potential supercycle driven by Qualcomm's advanced AI capabilities, while Cassidy sees this as a positive sign amidst concerns of declining demand in the Android market.