Qualcomm announced a major push into AI data center chips, unveiling a new processor and securing Meta as its first major customer, which pushed the stock up 4.3%. The company is targeting over $15 billion（約2.4兆円） in data center AI revenue by fiscal 2029 and expects overall non-handset revenue to nearly double to $40 billion（約6.4兆円） by then, signaling confidence in a strategy to move beyond smartphones into higher-margin AI infrastructure.
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Qualcomm unveiled the Dragonfly C1000 data center CPU and announced a multi-generation supply agreement with Meta as its first major customer. The company is targeting over $15 billion（約2.4兆円） in revenue from data center AI by fiscal 2029 and expects $40 billion（約6.4兆円） in total non-handset revenue by that year, nearly double its prior projection.
Why it matters
The move reflects Qualcomm's effort to diversify beyond its traditional smartphone business into the higher-growth AI data center market. Investors view this as a credible competitive strategy, reinforced by Meta's endorsement through the supply commitment.
What to watch
Qualcomm is up 21.6% since the beginning of the year but trades 16.2% below its 52-week high of $251.02 from May 2026. The stock has posted 22 moves greater than 5% over the last year, indicating it remains sensitive to shifts in AI demand sentiment.
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