Qualcomm QCOM-Q on Wednesday forecast sales and profits above analyst expectations as artificial intelligence features helped fuel demand for smartphones, laptops and other devices powered by its chips. For its current fiscal second quarter, Qualcomm forecast a sales range with a midpoint of $10.75 billion and adjusted profits of $2.80 per share, both above analyst estimates of sales of $10.34 billion and adjusted profit $2.69 per share, according to data from LSEG. After the results, Qualcomm shares sank in choppy trade and were last down 3 per cent. Investors have been looking for increasing payoffs from AI, and the chipmaker’s…