Qualcomm Targets 40 AI Device Designs as Nvidia CEO Backs Stock
Updated
Updated · The Motley Fool · Jul 6
Qualcomm Targets 40 AI Device Designs as Nvidia CEO Backs Stock
3 articles · Updated · The Motley Fool · Jul 6
Summary
Qualcomm is being cast as a leading edge-AI chip play as intelligent agents move from cloud data centers onto phones, wearables and other connected devices.
Jensen Huang gave that thesis unusual weight in Seoul last month, saying Nvidia is not strong in mobile devices because Qualcomm is "doing such a good job" and adding, "Buy their stock."
Cristiano Amon said in mid-June that Qualcomm is working on more than 40 AI-powered device designs, betting on low-power chips that combine CPUs, GPUs and NPUs for always-on, battery-constrained use.
Late June added a second growth leg: Qualcomm agreed to supply data-center CPUs to Meta, with its Dragonfly C1000 slated for 2028 production.
At roughly 19 times trailing earnings and 16 times forward earnings, Qualcomm is presented as cheaper than many AI-chip peers despite expanding from mobile into edge devices and hyperscaler infrastructure.