Qualcomm Says AI Data Centers Will Become Its Next Big Growth Engine
Qualcomm's Investor Day gave investors more than an AI data-center pitch. With Meta, Microsoft, two hyperscaler customers, and a $15 billion revenue target in view, the smartphone chipmaker now has a clearer roadmap to prove it can grow beyond smartphones.
Qualcomm Says AI Data Centers Will Become Its Next Big Growth Engine
Overview
Qualcomm (NASDAQ: QCOM) is best known for the chips and wireless technology inside smartphones. At its Investor Day in New York City, the company made the case that its next major growth engine could come from a very different market: AI data centers.
That message ran through much of the event. Qualcomm is not walking away from handsets, but management wants investors to look at a wider set of growth markets, including edge AI, automotive, industrial applications, data centers, and eventually 6G.
Qualcomm Lays Out Its Next Chapter
Details
Source
Originally published at www.fool.com.
