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Qualcomm’s AI Data Center Bet | Durham News
Goldman Sachs just raised Qualcomm’s price target to $180, a big leap from $145, betting on the chipmaker’s bold AI data center push. With $40B in non-handset revenue projected by 2029 — $15B from data centers alone — Qualcomm’s strategy is gaining serious traction. Goldman now forecasts $5B in data center revenue by 2027, soaring to $8.2B by 2028. Big names like Meta and Microsoft are already onboard, with Meta adopting Qualcomm’s new server chip and Microsoft’s Azure committing to its AI memory solution. While Qualcomm’s mobile revenue is expected to shrink, this data center pivot could be…
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