Qualcomm – Smartphone Chip Giant Attacks NVIDIA in AI Data Center and Promises Billions in Revenue!

Qualcomm forecasts over 15 billion USD in revenue from AI data center chips by 2029 and wins Meta as a customer for its Dragonfly C1000 processor – the stock jumps about 12%. The company challenges NVIDIA, but faces overwhelming competition. A Bold Forecast Electrifies the Market Qualcomm surprises investors with an aggressive growth vision. At its investor day in New York, the chip company projects annual revenues of over 15 billion USD from AI components for data centers by fiscal year 2029. Overall, revenues outside of the core smartphone...