Qualcomm Unveils Sweeping AI Infrastructure Strategy to Take on Nvidia in the Data Center
Qualcomm said edge AI and data-center chips could lift non-handset revenue 150% as Meta Platforms agreed to use its Dragonfly C1000 CPU.
- At an Investor Day on Wednesday, June 24, 2026, Qualcomm announced a strategic pivot toward AI infrastructure, targeting $40 billion in non-handset revenue by fiscal 2029.
- Smartphone revenue fell 13% recently amid Chinese OEM weakness and memory constraints, prompting management to diversify beyond handsets where current non-handset sales stand at over $16 billion of $44 billion total.
- Qualcomm unveiled its Dragonfly infrastructure platform and secured a multi-year CPU supply agreement with Meta Platforms, while announcing a $3.92 billion acquisition of AI software firm Modular to strengthen its software stack.
- Nvidia maintains a technical monopoly with more than 70% market share, creating a competitive environment where Qualcomm's data center parts remain years away from shipment.
- Whether Qualcomm reaches its $15 billion data center revenue target hinges on execution over the next three years, as the Dragonfly C1000 CPU is not expected in production until the second half of 2028.
12 Articles
12 Articles
Qualcomm Just Promised $15 Billion in AI Chip Sales, but There's a Catch: The Chips Don't Exist Yet
Cristiano Amon walked into Qualcomm’s (NASDAQ:QCOM | QCOM Price Prediction) Investor Day on June 24, 2026 with a number designed to be repeated. Over $15 billion in annual data center AI chip sales by fiscal 2029, up from $5 billion in 2027, alongside a $40 billion non-handset revenue target and adjusted EPS above $18 by that year. ... Qualcomm Just Promised $15 Billion in AI Chip Sales, but There’s a Catch: The Chips Don’t Exist Yet
Qualcomm Just Made Its Biggest AI Bet Yet -- and Investors Are Loving It
Key PointsThe smartphone chipmaker is diversifying into AI infrastructure.Edge AI compute could be the next craze after data centers.Today's stock rally reflects the market's confidence in Qualcomm's transformative AI ambitions beyond smartphones.10 stocks we like better than Qualcomm › For years, Qualcomm (NASDAQ:QCOM) has been seen as a premium smartphone chipmaker that raked in billions from the mobile revolution. However, investors may be wi…
Qualcomm unveils sweeping AI infrastructure strategy to take on Nvidia in the data center
Given the incredible explosion of interest in AI infrastructure and the chips that power them, it's no surprise that virtually every semiconductor company has been talking about how their offerings are an important part of the overall AI computing story.Read Entire Article
Qualcomm (NASDAQ: QCOM) Launches AI Data Center Chips And Systems To Challenge Nvidia (NASDAQ: NVDA)
Qualcomm (NASDAQ: QCOM) is making an aggressive push into the AI data center market, unveiling a broad range of new products including AI accelerators, CPUs, memory technology, and software. The company has already secured deals with major customers, including Microsoft (NASDAQ: MSFT) and Meta (NASDAQ: META), with Meta signing a multigeneration agreement to deploy Qualcomm’s new Dragonfly C1000 CPU in its next-generation services. Tony Pialis, e…
Qualcomm CEO: Never Bet Against Meta
“I will never bet against Meta,” says Qualcomm CEO Cristiano Amon. He discusses Qualcomm’s new chips, adding Meta as a customer, and more ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news… Continue reading Qualcomm CEO: Never Bet Against Meta The post Qualcomm…
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