Qualcomm raises 2029 data-center sales target to $15 billion (opens in new tab)

Qualcomm shares rose sharply after the chipmaker raised its fiscal 2029 non-handset revenue target to $40 billion from $22 billion and set a $15 billion data-center revenue goal for that year at its investor day. CNBC reported a 15% rise in the stock, while MarketWatch said the shares soared after Qualcomm announced new revenue targets and a partnership with Meta Platforms. The company identified Meta as a customer for its Dragonfly C1000 data-center CPU and said Microsoft would use a high-ba...