Qualcomm Unveils AI Data Center Push, Wins Meta and Microsoft as Early Customers
Updated
Updated · Seeking Alpha · Jun 24
Qualcomm Unveils AI Data Center Push, Wins Meta and Microsoft as Early Customers
3 articles · Updated · Seeking Alpha · Jun 24
Summary
Qualcomm used its Investor Day to lay out a full data center and AI infrastructure strategy, identifying Meta Platforms and Microsoft as its first disclosed customers.
Shares jumped 9% in early post-market trading as the company pitched a broader portfolio aimed at breaking into the fast-growing AI server market.
Meta had already been disclosed earlier Wednesday as a customer for Qualcomm's new Dragonfly C1000 AI chips, with the chip slated to become available in 2028.
Microsoft's addition broadens Qualcomm's early customer base and strengthens its bid to carve out a foothold in AI hardware beyond its traditional markets.