Qualcomm's stock rose sharply after announcing a multi-generation data center CPU deal with Meta Platforms, marking Meta as its first data center customer. The chipmaker also raised its fiscal 2029 non-handset revenue target to $40 billion, with data center revenue expected above $15 billion, and revealed plans to acquire AI software startup Modular for $4 billion. Despite the positive news and several price target increases, analysts remain cautious due to the competitive market and the delayed production start of the new CPU until H2 2028. Investors will watch Qualcomm's upcoming Q3 FY2026 results and how the stock holds above $205 amid broader AI sector movements.
Qualcomm has been upgraded to a buy rating due to its strategic shift towards data centers and a growing automotive segment, which are expected to drive future revenue growth. The company aims to double its non-handset revenue to $40 billion by fisca...
A simple tap on a smartphone triggers a complex AI-driven process that spans from touch sensors to cloud computing, cybersecurity, automated warehouses, and last-mile delivery technologies. Key companies like Nvidia, Qualcomm, and Ambarella provide t...
The global industrial semiconductor market, valued at $98.35 billion in 2025, is projected to grow to $329.73 billion by 2035, with a CAGR of 12.86%. Growth is fueled by increasing adoption of AI-powered industrial automation, electric vehicles, smar...
