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 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...
