Qualcomm's shares surged over 13% after the company announced it raised its fiscal 2029 revenue target for non-handset businesses from $22 billion to $40 billion. The company also projected more than $15 billion in data-center revenue by 2029, highlighting its successful diversification beyond mobile handsets. This growth outlook was shared during Qualcomm's investor day, signaling strong future prospects and boosting investor confidence.
Qualcomm announced its new Dragonfly C1000 CPU designed for data centers, optimized for agentic AI with high performance and low power use. Meta plans to use this chip when it begins production in 2028. Qualcomm aims to expand aggressively into the g...
Qualcomm's stock fell 8% due to concerns over AI data center competition and acquisition costs, yet its fundamentals remain strong with record automotive revenue and ongoing growth in IoT. The company is expanding beyond handsets into data centers an...
Qualcomm has agreed to acquire Modular, a company specializing in artificial-intelligence infrastructure software, for an undisclosed amount. This acquisition aims to strengthen Qualcomm's AI portfolio as the company seeks to enhance its position in ...
The global Application-Specific Integrated Circuit (ASIC) market is projected to grow from $20.95 billion in 2025 to $38.47 billion by 2035, at a CAGR of 6.3%. This growth is fueled by rising demand for AI accelerators from hyperscalers like Google a...
US tech and semiconductor stocks fell sharply amid a global market sell-off, with the Nasdaq dropping 1.5% and the S&P 500 down 1%. SpaceX shares briefly fell below their IPO price due to investor concerns over heavy borrowing for AI investments. Maj...
