Not all semiconductor companies are enjoying the same momentum as Nvidia. Chip manufacturer (NASDAQ: QCOM) recently announced that it is laying off roughly 1,200 employees as part of an ongoing expense reduction program. With Qualcomm trimming its expenses while its cohorts invest in leading-edge artificial intelligence (AI) applications, some investors may wonder if it's time to move on.

Let's dig into why Qualcomm is trimming its expenses and how those cost savings may help the company return to accelerating top-line growth in the long run.

Qualcomm's revenue is declining and losses are mounting. Furthermore, unlike some of its cohorts, the company's forward guidance is not exactly giving investors a reason to cheer.

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Source Fool.com