Companies
Wednesday, 6/24, 09:12 PM
Qualcomm Targets $15 Billion in Data Center Revenue by 2029, Shares Jump 15%
- Qualcomm used its June 24 Investor Day to nearly double its fiscal 2029 non-handset revenue target to $40 billion, including more than $15 billion from data center chips, and named Meta as the anchor customer for a new server processor.
- The shares rose about 15% in extended trading.