Qualcomm shares climbed on Thursday after the chipmaker outlined an expanded push into artificial intelligence data centers, raised its long-term revenue targets, and unveiled new partnerships with Meta Platforms and Microsoft. Shares rose 8% earlier in the trading session. It lost some of the gains, and at the time of writing, QCOM shares were up 4.34% at $205.88. AI data center push and long-term revenue targets During its investor day, Qualcomm lifted its fiscal 2029 non-handset revenue target to $40 billion, nearly double its prior guidance. The company also projected $15 billion in data center revenue by that time. The chipmaker said the shift reflects a broader diversification strategy away from its traditional reliance on smartphones, tablets, and gaming devices....
Qualcomm stock jumps on AI data center push, Meta and Microsoft deals
