What Wall Street analysts are saying about Qualcomm’s next act - San Diego Union-Tribune

Qualcomm's recent Investor Day in New York showcased its strategic shift toward the data center market, drawing significant attention from Wall Street analysts. While traditionally known as a smartpho... Read original →

Qualcomm’s data center push isn’t mere diversification—it’s a stack-level recalibration. If its AI250 accelerators gain traction in Meta and Microsoft HPC clusters, TSMC’s 3nm EUV capacity will skew toward high-bandwidth compute, indirectly starving GPU rivals of advanced packaging resources. Export controls are forcing Qualcomm to re-engineer supply chain redundancy, inflating costs in IP licensing and EDA toolchains. Against NVIDIA and AMD’s dominance, Qualcomm bets on ARMv9 custom cores and chiplet integration—but first-gen yield and software maturity remain critical vulnerabilities. Within 18 months, success hinges on leveraging Alphawave IP to solve SerDes bottlenecks and securing CoWoS alternatives via partners in Taiwan, China. Without these, the $15B revenue target risks vaporizing.