Semiconductors are a core pillar in the emerging artificial intelligence (AI) revolution. Yet the chip space is largely dominated by just two players: Nvidia and Advanced Micro Devices.

However, other companies are beginning to make inroads in the industry as well. Qualcomm (NASDAQ: QCOM) has spent the last several months instituting new cost reduction policies while simultaneously combatting its larger cohorts in the chip space.

The company just reported earnings for its second fiscal quarter -- ended March 24. While Qualcomm is still in turnaround mode, the earnings report was encouraging and could shed light on where the company is headed.

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Source Fool.com