Qualcomm Dual Engine Drive: AI Data Centers and Automotive Reshape the Future
Summary At its Investor Day, Qualcomm announced a significant upward revision of its non-handset business revenue guidance for fiscal 2029 to $40 billion, unveiled a new data center CPU, and acquired AI software company Modular, showcasing its ambition to transform from a mobile chip giant to a full-stack AI infrastructure provider. The stock surged 13% in after-hours trading.
At its Investor Day, Qualcomm announced a significant upward revision of its non-handset business revenue guidance for fiscal 2029 to $40 billion, unveiled a new data center CPU, and acquired AI software company Modular, showcasing its ambition to transform from a mobile chip giant to a full-stack AI infrastructure provider. The stock surged 13% in after-hours trading.