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

Qualcomm forecasts over $15 billion 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 revenue of over $15 billion from AI components for data centers by fiscal year 2029. Overall, revenues outside of the core smartphone...