Qualcomm announced a partnership with Amazon Web Services to develop multiple generations of customized silicon for AWS' AI infrastructure. This move marks Qualcomm's push into the data center market, traditionally dominated by Nvidia, especially amid growing AI workloads demanding efficient computing power. Qualcomm recently introduced its Dragonfly C1000 CPU designed for data centers, targeting $15 billion in sales by fiscal 2029. This collaboration highlights Qualcomm's strategy to leverage its expertise in power-efficient processing to compete in the AI hardware space.
Chip stocks are recovering after a sharp selloff, with Arm Holdings leading the rebound by rising 5%. This recovery highlights renewed investor interest in semiconductors, especially those tied to artificial intelligence and data center growth. Marve...
Arm Holdings' stock dropped 9%, significantly more than peers Qualcomm and Marvell, amid a broader semiconductor selloff driven by inflation concerns and rising oil prices. The selloff is intensified by profit taking after Arm's 158% year-to-date gai...
Qualcomm has renewed its Global Patent License Agreement with Apple, removing a major uncertainty for investors. The stock trades near $194 with a 24/7 Wall St. price target of $228.68, implying a 16.27% upside. Qualcomm's growth is driven by expandi...
Qualcomm reported a 61% growth in its automotive segment and raised its long-term non-handset revenue target to $40 billion by fiscal 2029. Despite these strong growth indicators and a data center business aiming for $15 billion by 2029, the market s...
Qualcomm's stock surged 6% following the renewal of its agreement with Apple, reversing an initial selloff reaction. The renewal eases concerns about Qualcomm losing Apple as a customer, boosting investor confidence despite the announcement lacking d...
