Qualcomm Says Data Center Chips to Produce ‘Billions’ in ’27

Qualcomm projects its data center chip revenue to reach "billions" by 2027, according to a report by Bloomberg's Mandeep Singh. Singh drew parallels between the influence of oil companies on energy prices and the control chip manufacturers hold over AI memory capacity. He noted that these chip companies are unlikely to significantly expand production capacity as they are already generating substantial revenue. This forecast highlights the growing demand and profitability within the AI hardware sector, with Qualcomm positioning itself to capitalize on the expanding data center market. The company's strategic focus on high-performance computing for AI workloads is expected to drive this significant revenue growth in the coming years. Singh's analysis suggests a robust market outlook for specialized AI chips, indicating a strong future for companies like Qualcomm in this competitive landscape.