Qualcomm has reported record Q1 2025 revenue of $10.084 billion, driven by growth in handsets, automotive, and IoT sectors.CEO Cristiano Amon emphasizes Qualcomm's strong mobile roadmap and aims for $22 billion in non-handset revenues by 2029.Qualcomm sees a larger opportunity in the edge AI landscape, with the introduction of DeepSeek's R1 model on Snapdragon-powered devices.Qualcomm predicts a shift towards more inference on devices, making AI more accessible, efficient, and driving demand for their platforms.