Qualcomm's stock surged over 13% after CEO Cristiano Amon revealed the company will start shipping data center chips to a large hyperscaler within the year. Despite beating Q2 earnings estimates, the stock initially dropped due to cautious Q3 revenue guidance. Amon noted that China sales have likely hit their low point this quarter as customers run out of inventory. Qualcomm is focusing on AI and data center chips, signaling a strategic shift amid industry changes and partnerships like the recent OpenAI collaboration.
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...
