Prediction: Qualcomm Could Be on the Verge of a Major Transformation
Qualcomm is targeting $40 billion in non-handset revenue by fiscal 2029 as two hyperscaler chip deals start in the December quarter.
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Prediction: A $1,000 Investment in Qualcomm Today Could Be Worth This Much by 2030 as AI Moves to the Edge
Key PointsQualcomm signed two new data center AI chip customers this fall, Amazon in a deal worth up to $60 billion and ByteDance for custom AI chips.Its automotive business grew 61% last quarter, and its new Snapdragon 8 Elite Gen 6 chips are built around AI running directly on phones.If that diversification continues, a $1,000 investment today could plausibly be worth $2,200 to $2,800 by 2030, though nothing here is guaranteed.10 stocks we lik…
Prediction: Qualcomm Could Be on the Verge of a Major Transformation
Qualcomm is entering data center and automotive markets at full speed while Apple shrinks its handset business and analysts pile on with downward revisions. Whether those new revenue streams arrive fast enough to fill the gap will decide everything for shareholders.
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