Qualcomm Pushes 40-Plus AI Devices, Wins Meta CPU Deal as Huang Backs Stock
Updated
Updated · The Motley Fool · Jul 6
Qualcomm Pushes 40-Plus AI Devices, Wins Meta CPU Deal as Huang Backs Stock
3 articles · Updated · The Motley Fool · Jul 6
Summary
More than 40 AI-powered device designs are now in Qualcomm’s pipeline, CEO Cristiano Amon said, as the company targets edge AI across phones, wearables and other always-on devices.
That push rests on Qualcomm’s low-power chips, which combine CPUs, GPUs and NPUs to run AI agents locally with less latency and cloud dependence.
Late June brought a second expansion path: Qualcomm agreed to supply Meta with Dragonfly C1000 data-center CPUs, with production slated for 2028.
Jensen Huang added outside validation in Seoul last month, saying Nvidia is not strong in mobile devices and telling investors to “buy” Qualcomm stock.
At roughly 19 times trailing earnings and 16 times forward earnings, Qualcomm is being framed as a cheaper way to play AI beyond data-center GPUs.