Qualcomm Targets Over $15 Billion in AI Data-Center Revenue by Fiscal 2029

Product / TechCorporate Action Impact 4
โดย The Motley Fool·Read original
Summary · why it matters

Qualcomm announced at its Investor Day that it aims to generate more than $15 billion in AI data-center revenue by fiscal 2029, positioning the segment as its next major growth engine. The company nearly doubled its non-handset revenue target to $40 billion by 2029, with data centers as the largest new piece. Qualcomm revealed the Dragonfly C1000 CPU for AI workloads and named Meta as a multigeneration data-center CPU customer, with production planned for the second half of 2028. Microsoft also endorsed Qualcomm's high-bandwidth compute technology for next-generation AI infrastructure. The company expects two global hyperscaler customers to drive at least $1 billion in revenue within the year and confirmed a planned $3.9 billion acquisition of AI software start-up Modular.

Impact on stocks 8

Artificial Intelligence▲ · 7 stocks
Meta Platforms Inc.
META
▲ PositiveDemandrelevance

Meta named as multigeneration data-center CPU customer for Qualcomm's Dragonfly C1000, indicating strong demand for Meta's AI infrastructure.

Semiconductors▲ · 1 stocks
Qualcomm Incorporated
QCOM
▲ PositiveDemandrelevance

Qualcomm targets over $15B in AI data-center revenue by 2029, with Meta as customer and Microsoft endorsement, driving growth.

Theme Impact 8

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