Qualcomm (QCOM) Targets $15B Data Center Revenue by 2029
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowQualcomm (NASDAQ: QCOM) aims for over $15 billion in data center revenue by fiscal 2029, with $5 billion expected by fiscal 2027. Piper Sandler analyst David O'Connor initiated coverage with a Neutral rating and a price target of $190.00. The firm sees $15 of earnings power for fiscal 2029, predicting a four-year earnings per share compound annual growth rate of 16%. This expansion is significant for Qualcomm as it shifts from smartphone dependency, but potential risks include whether the company can outperform expectations amidst its late entry into the data center market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About QUALCOMM Incorporated (QCOM)
Qualcomm designs the chips and licenses the wireless patents behind most modern smartphones, and is expanding into automotive and IoT.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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- Qualcomm and Samsung urged to deepen AI investment in Vietnam
- QCOM to Acquire AI Startup Modular for $4 Billion
- Qualcomm (QCOM) Targets $40 Billion Transformation Strategy
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