Qualcomm Eyes $40B by 2029 as Meta Picks Dragonfly CPU
Qualcomm nearly doubled its FY2029 non-handset revenue target to $40B and named Meta as its first data center CPU customer. QCOM popped, then settled +5%.
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Qualcomm Nears $4B Modular Deal as AI Push Tops $14B
Qualcomm is in advanced talks to buy AI software startup Modular for ~$4B, on top of a reported $8-10B run at Tenstorrent. The combined ~$14B is Qualcomm’s biggest AI bet yet.