Why Is Qualcomm Stock Soaring Thursday?
Summary
Qualcomm boosted its long-term financial targets and outlined a larger push into AI data centers, automotive, and IoT. The company said its Dragonfly CPU will power Meta’s next-generation server fleet starting in 2028. It also expanded its partnership with Hugging Face to connect Qualcomm hardware with model hosting, inference, and developer tooling across edge and cloud environments. On top of that, Qualcomm agreed to acquire Modular to strengthen its AI software platform and broaden its developer ecosystem.
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