Google's new ~$548M stake strengthens Qualcomm's narrative of extending from edge computing into AI infrastructure, though near-term earnings pressure persists.

The host briefly remarks Qualcomm might be more stable, with no further elaboration or direction given.

Qualcomm slightly beat estimates but shares dropped after hours; handset revenue fell 26% while automotive grew 89%, and although the host expects future data-center growth to offset handsets, he says the stock has been a very unpleasant holding.

The host discloses a plan to sell Qualcomm as he trims semiconductor exposure — an actual portfolio action.