Qualcomm: "Recently launched flagship Android devices powered by Snapdragon 8 Gen 3 are seeing strong demand globally, especially in China," Chief Executive Cristiano Amon told analysts on a conference call.
Arm shares rose roughly 35% in after-hours trading after the forecast and results were released. The over 30% surge in Arm s stock after its report late on Wednesday lifted its market capitalization by about $26 billion.
Cadence: Demand for the software used to design chips has risen even amid a cyclical downturn for the industry as chipmakers and tech giants such as Alphabet and Nvidia Corp rush to create their own semiconductors needed for AI processing.