Qualcomm has reported strong Q2 FY24 earnings, surpassing expectations with a robust forecast. The company's success is attributed to its focus on AI-driven smartphones, which has bolstered profits. Qualcomm's CEO, Cristiano Amon, has been actively discussing the company's performance and the impact of AI on various platforms, including CNBC and Yahoo Finance. The company is also seeing growth in the automotive and IoT sectors. Additionally, the introduction of new generative AI capabilities has led to a rise in Qualcomm's stock and an increase in premium smartphone sales, particularly noted in the Chinese market. The emphasis on on-device AI and the premium-tier Android smartphone market were highlighted as key factors in this growth.