Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar (opens original article in a new tab)

Qualcomm forecasts $15 billion in data center chip sales by 2029 and expects $5 billion in revenue for fiscal 2027, with custom chips for hyperscalers. Its shares rose 12% in after-hours trading.

• Qualcomm forecasts $15 billion in data center chip sales by 2029
• Qualcomm expects $5 billion in data center revenue for fiscal 2027
• Qualcomm plans to make custom chips for two unnamed hyperscalers