Shares of Qualcomm Inc., the world’s biggest seller of smartphone processors, fell on investor fears that demand for new handsets will stall in the coming year.Revenue in the period ending in March will be $10.

Qualcomm on Wednesday forecast sales and profits above analyst expectations as artificial intelligence features helped fuel demand for smartphones, laptops and other devices powered by its chips. For its current fiscal second quarter,

Arm and Qualcomm stocks dropped more than 4% Thursday despite their above-forecast quarterly earnings results the day prior — a sign that investors aren’t so patiently waiting to see if artificial intelligence will drive a wave of demand for consumer devices that rely on the companies’ chips.