Qualcomm vs. Sandisk: Comparing Gradual Revenue Contraction Against Rapid Revenue Acceleration

Qualcomm faces declining revenue momentum in the handset market with flat to slightly declining quarterly results over two years, while Sandisk has experienced explosive 371% year-over-year revenue growth driven by AI demand and a strategic shift to long-term customer agreements. Sandisk's revenue has nearly caught up to Qualcomm's, narrowing a historically massive gap. Qualcomm's potential transition to the data center market could reverse its trajectory if successful.