Qualcomm (QCOM) is rallying Thursday morning after a strong earnings report. Olivier Blanchard from the Futurum Group thinks the changes the company has made over the last 10 years puts it in a strong position to continue to rally. The use of chips in all cars, not just electric vehicles, means that Qualcomm will continue to see growth. Meanwhile, Arm Holdings (ARM) investors should not be scared off by its post-earnings drop as A.I. moves into the chips for phones and computers.

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