Qualcomm Targets $15B Data Center Revenue by FY2029

Key Facts

1Qualcomm expects data center revenue to reach $15 billion within three years, driven by an aggressive AI and server CPU product roadmap.

2The company's strategy relies on strategic acquisitions like Nuvia and Alphawave to bolster its competitiveness against Nvidia.

In a move reflecting its ambition to pivot toward AI infrastructure, Qualcomm management has set bold financial targets for its data center division. The company expects annual revenue from this segment to reach $15 billion by fiscal year 2029, driven by an aggressive roadmap featuring ARM-based server CPUs and AI accelerators. According to reports, this strategy aims to diversify the company's revenue streams beyond its core mobile chip business.

Qualcomm's competitive strategy relies on bolstering its technical capabilities through strategic acquisitions, including Nuvia and Alphawave, to enhance its standing against Nvidia. While current closing prices for QCOM are unavailable, market data shows mixed performance across the sector; NVDA closed at $230.36 on September 4, 2026, while peers AMD and INTC stood at $477.57 and $95.80, respectively, on the same date.

Investors are closely watching Qualcomm's ability to execute its product roadmap amid intense competition in the data center market. Regarding price levels, NVDA sat at $230.36 (close September 4, 2026) with a day range between $229.63 and $234.76. With no major upcoming economic catalysts directly impacting the semiconductor sector in the immediate calendar, focus remains on the company's operational developments.