Qualcomm’s Hidden Cloud Growth | Business and Finance News

Qualcomm’s phone chip struggles are masking a bold new play: doubling revenue to $100 billion by 2029 through edge-to-cloud infrastructure. While overall revenue dipped, non-handset segments surged 20%, led by a 38% jump in automotive with $65B in design wins. Their data center ambitions, targeting $15B by 2029, clash with Nvidia — powered by the Dragonfly platform tackling AI memory bottlenecks. Strategic moves like acquiring an AI software startup and securing a long-term Meta deal validate their shift. Wall Street’s ignoring this massive upside — Qualcomm’s stock trades at a bargain valuation for a company poised for explosive growth. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/963e6f7ff30e3ab4