Qualcomm engages hyperscaler to develop custom AI processors
Updated
Updated · The Motley Fool · May 7
Qualcomm engages hyperscaler to develop custom AI processors
8 articles · Updated · The Motley Fool · May 7
After its April 29 quarterly results, shares rose 5.48% despite fiscal second-quarter smartphone revenue falling 13% year on year to $6 billion.
CEO Cristiano Amon said Qualcomm is working with several companies, and one large hyperscaler is discussing multiple generations of custom AI chips.
The push into inference accelerators and data-centre chips could diversify Qualcomm beyond smartphones, alongside 38% automotive growth to $1.33 billion and expected customer updates at Investor Day next month.
Can Qualcomm's AI gamble replace billions in lost revenue from its declining smartphone and Apple business?
Are custom chips from firms like Qualcomm poised to finally challenge Nvidia’s long-standing dominance in AI?