Qualcomm's AI Pivot Could Fuel Breakout in 2027

Analyst
โดย The Motley Fool·US·Read original
Summary · why it matters

Qualcomm expects non-handset revenue growth to accelerate from 24% in fiscal 2026 to more than 60% in fiscal 2027, driven by AI chip demand. The company recently agreed to a long-term deal with Meta Platforms for data center CPUs, which could validate its new technology and boost demand. Non-handset revenue made up 40% of Qualcomm's fiscal 2026 third-quarter revenue, and the company projects non-handset revenue will reach $40 billion by fiscal 2029. Qualcomm's contract with Apple ends in March 2027, making the AI pivot timely as handset sales decline. Qualcomm trades at a P/E ratio of 18, down about 7.1% year to date, while the iShares Semiconductor ETF has surged more than 68%.

Impact on stocks 6

Artificial Intelligence▲ · 5 stocks
Meta Platforms Inc.
META
▲ PositiveDemandrelevance

Qualcomm's long-term deal with Meta for data center CPUs could boost demand for Meta's AI infrastructure.

Semiconductors▲ · 1 stocks
Qualcomm Incorporated
QCOM
▲ PositiveDemandrelevance

Qualcomm's AI chip demand drives non-handset revenue growth, with a long-term deal with Meta validating its technology.

Theme Impact 3

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