Qualcomm’s AI Wearables Bet Puts Smartphones on the Clock as OpenAI, Meta Circle
Qualcomm CEO Cristiano Amon said the company is working with OpenAI, Meta, and other major AI firms on wearable devices that could shift computing away from smartphones. Qualcomm reported $10.6 billion in fiscal Q2 revenue, with handset revenue down 13% and automotive up 38%. Shares rose 6.7% Monday. Amon expects some AI wearables to launch late this year, with broader rollout in 2027–2028.