Qualcomm Inc., the biggest maker of chips that run smartphones, gave an upbeat sales forecast, fueled by growth in new markets. Revenue has the potential to top $46 billion by fiscal year 2024. The company projected revenue from the Internet of Things, which are smart devices connected to the web, will reach $9 billion by fiscal year 2024. Chips sales for the auto industry may hit $3.5 billion in five years, Palkhiwala said. Shares advanced 7,89% at $181,81.