Qualcomm (QCOM) stock is being lifted Thursday morning by upbeat sales forecasts, topping fiscal second-quarter earnings estimates on the top and bottom lines.

The Morning Brief Anchors Akiko Fujita and Brad Smith review the semiconductor company's revenue figures and what it signals for smartphone demand.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.