QCOM stock surges as Qualcomm targets $15B in data center AI revenue by FY29 and signs a major server CPU deal with Meta.

June 24 : Qualcomm said on Wednesday that Microsoft and Meta Platforms will use its new AI chips and that it will make custom chips for two other unnamed "hyperscalers."The San…

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

Qualcomm targets $15B in data center revenue by FY29, up from $0.3B today, while its auto pipeline hits $65B. Here's what the numbers actually mean.

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.

Qualcomm also said it expects $40 billion in revenue from chips outside its smartphone stronghold by 2029, up from previous estimates of $22 billion, and with handsets only…

Morgan Stanley upgrades Qualcomm to Equalweight with a $231 price target, reversing its bearish stance as Qualcomm targets $15B in data center AI revenue by

Qualcomm punta a oltre 15 miliardi di dollari dai data center entro 2029, una strategia innovativa che cambia le dinamiche del mercato.

QCOM stock surges as Qualcomm targets $15B in data center AI revenue by FY29 and signs a major server CPU deal with Meta.

La società prevede di raggiungere 40 miliardi di dollari di fatturato annuo nelle attività diverse dagli smartphone entro il 2029