Qualcomm, Applied Materials, and Lam Research all posted significant after-hours gains on Wednesday, driven by strong AI semiconductor demand and major partnership announcements. Qualcomm's investor day revealed ambitious long-term targets, including $40 billion（約6.4兆円） in non-handset revenue and a new multi-year partnership with Meta to supply data center CPUs starting in the second half of 2028. Micron's upbeat earnings and CEO commentary that AI memory demand will remain tight through at least 2027 reinforced confidence in the entire semiconductor equipment and chipmaking ecosystem.
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Qualcomm shares rallied nearly 11% after the chipmaker unveiled ambitious long-term growth targets at its investor day, including doubling its non-handset revenue target to $40 billion（約6.4兆円） and targeting more than $15 billion（約2.4兆円） in annual AI data center revenue by fiscal 2029. The company also announced a multi-year partnership with Meta to supply data center CPUs beginning in the second half of 2028, and disclosed the $3.92 billion（約6300億円） acquisition of Modular. Applied Materials rose about 5.5% and Lam Research gained more than 5%, both buoyed by Micron's upbeat earnings and strong AI-driven memory demand.
Why it matters
Micron's CEO stated that AI-driven demand for memory remains exceptionally strong, with supply expected to stay tight through at least 2027, creating sustained demand for semiconductor manufacturing equipment and chipmaking infrastructure. For semiconductor equipment suppliers and chip makers, this signals the need for continued investment and expansion. Bank of America raised price targets on both Applied Materials and Lam Research, indicating confidence in their growth prospects tied to this AI infrastructure expansion.
What to watch
Qualcomm's custom silicon business is expected to generate meaningful revenue starting in early 2028, and the Meta partnership will begin supplying data center CPUs in the second half of 2028. Applied Materials and Lam Research both maintain strategic partnerships with Micron—Applied expanded its collaboration in March to develop next-generation DRAM and HBM solutions, while Lam opened an office in Boise in February to support collaborative research and high-volume manufacturing.
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