Qualcomm secures growth engine beyond smartphone market through data center expansion
QCOM Qualcomm Inc
$172.47 -2.64%
View chart & analysis → - 1Qualcomm shares fell 33% from their peak following a 26% year-over-year decline in handset chip sales last quarter.
- 2Growth is expected as Qualcomm's data center revenue forecast for Q1 fiscal year 2027 reached $650 million.
- 3Single AI agent queries are increasing inference requests by 50 to 100 times compared to the past, driving data center demand.
So what's the key point?
Qualcomm's stock price dropped significantly due to a decrease in smartphone component sales. However, new growth opportunities have emerged with data center revenue projected to reach $650 million.
Source The Motley Fool +1 · View original ↗
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