Qualcomm is attracting investors with its expanding data center chip business, expected to generate $40 billion in revenue by fiscal 2029. This growth has sparked interest in two new Direxion ETFs: QCMU, which offers 2x leveraged exposure to Qualcomm shares, and QCMD, which provides inverse exposure as a hedge. While Qualcomm may not surpass Nvidia as the top AI chip provider, modest gains in market share could still drive stock and ETF momentum through 2026.
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...
