Qualcomm (QCOM) is expanding beyond smartphones as it pushes deeper into automotive and AI data center infrastructure. George Tsilis breaks down the legacy tech firm's latest earnings, decline in handset revenue, accelerating automotive growth, and its new "multi-generational" collaboration with Amazon (AMZN). George also examines risks facing the stock, including Apple’s (AAPL) move away from its modems, execution risk in data centers, and an elevated valuation.