Qualcomm Signs Deals With Major Hyperscalers for AI Chips
Qualcomm has signed agreements with three major hyperscale companies, including Microsoft and Meta Platforms, to supply artificial intelligence (AI) processing chips. The company anticipates at least $15 billion in data center business by fiscal 2029 from these deals, marking a significant shift into the AI chip market.
Tickers: $META $MSFT $NVDA $QCOM
Topics: AI data centers Nvidia competition Qualcomm expansion