Bloomberg Tech Qualcomm Earnings, Musk $1 Trillion Pay Vote
Nov 6, 2025
Cristiano Amon, the CEO of Qualcomm, shares insights on the company's stellar earnings and its innovative strides in AI and data centers. He discusses the shift from smartphones to premium Android devices and the burgeoning automotive sector. Meanwhile, Drew Hambley of CalPERS explains the pension fund's rationale for opposing Elon Musk's hefty pay package, raising concerns about pay equity and control. Together, they offer a fascinating glimpse into tech trends and investor perspectives.
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Arm's Data-Center Royalty Momentum
- Arm is gaining data-center traction, with royalty mix from data center expected to nearly double.
- Kunjan Sabani notes major customers (NVIDIA, Amazon, Google) and SoftBank-related activity are boosting ARM's licensing and royalty pipeline.
Qualcomm's Broad Diversification Play
- Qualcomm is diversifying beyond handsets into automotive, PCs, and data center accelerators, driving new revenue streams.
- Cristiano Amon says Qualcomm can scale from 5-watt earbud chips to 500-watt data-center chips and is executing on that strategy.
Premium Phone Growth Fuels Snapdragon
- The premium smartphone tier is expanding globally and driving higher silicon content per device.
- Amon says Android growth and more compute/AI in phones are key drivers for Snapdragon demand.