Qualcomm Surges 15% After Unveiling Data Center CPU, Doubling Revenue Forecast to $40 Billion
Qualcomm surges 15% after unveiling its Dragonfly C1000 data center CPU for agentic AI, nearly doubling its non-handset revenue forecast to $40 billion by fiscal 2029, with Meta signed as a launch customer and $15 billion targeted from data center sales alone.