Smartphone growth is slowing down in 3Q24. Mediatek. Qualcomm

Smartphone growth is slowing down to +4% YoY in 3Q24. MTK and QCOM see increasing ASP with AI

Smartphone Growth Is Slowing Down to +4% YoY in 3Q24. Mediatek had a good rally, time to take a break

Smartphone growth is slowing down but ASP are increasing for Mediatek with 5G AI-enabled phones. Mediatek has other drivers, AI chips and Auto GPU. The stock is up 33% YTD and is expensive.