Qualcomm (NASDAQ:QCOM) shares are surging in Wednesday's after-hours session after the company provided an updated outlook.

Qualcomm (NASDAQ:QCOM) shares are surging in Wednesday's after-hours session after the company provided an updated outlook.

Qualcomm stock surged over 13% after doubling its non-handset revenue target to $40 billion by fiscal 2029, with $15 billion expected from AI data centers.