QUALCOMM Says "Last Quarter, We Highlighted That Increasing Demand For Memory In AI Data Centers Was Driving Uncertainty In Memory Supply And Price Increases To Handset OEMs, And As A Result, Handset OEMs, Particularly In China, Were Taking A Cautious Approach By Reducing Handset Build Plans And Drawing Down Channel Inventory. These Dynamics Played Out As Expected During The Second Fiscal Quarter And Are Also Reflected In Our Q3 Guidance."
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