Qualcomm Stock Rises After Unveiling New AI-Fueled Growth Targets
Shares of Qualcomm rose on Thursday after the company announced its new artificial intelligence (AI)-fueled growth targets, including a $40 billion non-handset revenue forecast for fiscal 2029. The introduction of the Dragonfly C1000 CPU and Meta Platforms' commitment to use it in data centers are key drivers behind this positive market reaction.
Topics: AI data centers growth targets product launch