Qualcomm is lining up two custom silicon wins with global hyperscalers for data center chips, expected to start generating revenue in the December quarter, with data center targets of $5 billion in fiscal 2027 and $15 billion in fiscal 2029. Fiscal Q3 revenue of $9.95 billion beat the $9.67 billion consensus, but non-GAAP EPS of $2.21 came in just short of the $2.22 estimate, as handset revenue fell 20% while automotive rose 61%. The main risk is handset weakness, with Qualcomm's share of upcoming iPhones expected to be materially lower than 20% and Android revenue seen falling 20% in fiscal 2027. The 24/7 Wall St. price target is $225.91, 24.46% above the $181.51 share price, with a buy rating, while its bear case is $190.77.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Nvidia Isn’t the Only AI Winner. Qualcomm May Be the Next Stock to Watch
Read the original on Yahoo Finance ↗
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artificial intelligencesemiconductorsQualcommdata centers
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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