Can Qualcomm actually compete with Nvidia? Inside its bold data-center gamble.

Qualcomm is still primarily valued as a smartphone and wireless-technology company, with most revenue coming from handsets and licensing. The article notes that while the company has aspirations in other segments, those businesses have not yet materially shown up on the income statement. Overall, this is a factual characterization of Qualcomm’s business mix rather than a new catalyst.

Analysis

Qualcomm is still primarily valued as a smartphone and wireless-technology company, with most revenue coming from handsets and licensing. The article notes that while the company has aspirations in other segments, those businesses have not yet materially shown up on the income statement. Overall, this is a factual characterization of Qualcomm’s business mix rather than a new catalyst.