Qualcomm prepares for 2027 rebound through AI infrastructure expansion
QCOM Qualcomm Inc
$181.03 +0.13%
View chart & analysis → - 1Qualcomm emphasized during its recent investor day that it is involved in all layers of AI infrastructure, from CPUs to connectivity.
- 2Qualcomm forecasts a total addressable market of $200 billion for its CPUs and $65 billion for its connectivity by fiscal year 2029.
- 3The company is preparing for a major rebound in 2027 by aiming to achieve multi-billion dollar target revenues starting from fiscal year 2027.
So what's the key point?
Qualcomm is preparing for growth by covering a wide range of artificial intelligence technologies. This means the company is getting ready to see significant revenue and improvement starting in 2027.
Source The Motley Fool · View original ↗
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