Qualcomm stock jumps on AI data center push, Meta and Microsoft deals

Qualcomm shares rose 8% after the company expanded its push into AI data centers, raised long-term revenue targets, and announced partnerships with Meta Platforms and Microsoft. The update signals a more ambitious growth runway for Qualcomm beyond its core chip markets. The move is likely to support sentiment around the stock and adjacent AI infrastructure names.

Analysis

Qualcomm shares rose 8% after the company expanded its push into AI data centers, raised long-term revenue targets, and announced partnerships with Meta Platforms and Microsoft. The update signals a more ambitious growth runway for Qualcomm beyond its core chip markets. The move is likely to support sentiment around the stock and adjacent AI infrastructure names.