Qualcomm shares fall 7% premarket after unveiling Dragonfly AI data-center brand, as Nvidia's N1X PC processor announcement dominates Computex spotlight.

Qualcomm announced Dragonfly, a new brand for its AI data-center products, at Taiwan's Computex conference. CEO Cristiano Amon said the company will provide more details at its Investor Day on June 24. QCOM shares slipped 7% in premarket trading despite the announcement.

Amon outlined a vision for agentic AI—autonomous agents (AI systems capable of independent decision-making) operating across phones, PCs, wearables, cars and robots. He stated that future agentic AI systems will require "gazillions" of tokens, and highlighted robotics, automotive AI, and AI-native 6G networks as major opportunities.

Nvidia announced its first PC processor, the N1X, developed with MediaTek and combining an Nvidia Blackwell GPU with an Arm-based CPU. The chip is expected to appear later this year in systems from Microsoft, Dell, HP, Lenovo, ASUS, and MSI. Nvidia also said its Vera Rubin AI chips had entered full production.

Qualcomm introduced the Snapdragon C Platform, an entry-level laptop processor priced around $300 and above, and launched the Snapdragon 6 Gen 5 and Snapdragon 4 Gen 5 mobile platforms. Devices are expected from Acer, HP, Lenovo, Honor, OPPO, realme and Redmi later this year.