Qualcomm Bets on Data Centers, Targets $5B in 2027

With smartphone sales down around 20% year over year, Qualcomm used its Q4 2026 earnings call to outline an AI data center push. It forecasts about $650M in data center revenue in Q1 2027, rising to $5B by end-2027 and $15B by 2029, working with partners including Amazon and Meta.

• Prediction: Wall Street Has the Post-Midterm AI Trade Completely Wrong2026-11-06
• Amazon launches Alexa text-based shopping feature2026-11-06
• Big Tech to spend at least $720B on AI capex this year2026-11-05
• US Tech Giants' Hidden AI Debt Jumps 90% to $3.2T in Six Months2026-11-03
• Micron vs. Nvidia: Which AI Chip Stock to Hold for 5 Years?2026-11-03