Qualcomm CEO on AI bets and surviving beyond Apple

What started 40 years ago as a company focused on "quality communications" by Irwin Jacobs has morphed into Qualcomm (QCOM) today. The company is one of the biggest players in the chip industry, supplying products to Apple (AAPL) to power its iPhone and to automakers to power their increasingly digital cockpits. The company's market cap stands at an impressive $163 billion. At the helm as CEO since 2021 is 30-year Qualcomm veteran Cristiano Amon, who started at the company as an engineer. Amon has been moving aggressively to diversify the business away from Apple into areas such as industrial applications and, more recently, data centers. Yahoo Finance executive editor Brian Sozzi sits down on the Opening Bid podcast with Amon to discuss the next 40 years for Qualcomm. Amon is fresh off a trip to Saudi Arabia, joining President Donald Trump and other top tech executives. Amon secured a key memorandum of understanding to help Saudi Arabia build out AI data centers. Sozzi and Amon discuss the trip and what greater trade tensions mean for Qualcomm's important China business. Last year, China represented 46% of Qualcomm's sales. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices