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Qualcomm pivots to data centers amid smartphone slump, targets $15B by 2029

By PulseAugur Editorial · [1 sources] ·

Qualcomm is shifting its focus towards the data center market as smartphone sales decline. The company aims to significantly grow its data center business, projecting substantial revenue increases over the next few years. This strategic pivot includes partnerships with major tech players like Amazon and Meta, with data centers expected to eventually comprise a significant portion of Qualcomm's overall revenue. AI

IMPACT This strategic shift by Qualcomm indicates growing demand for AI infrastructure and specialized hardware in data centers, potentially influencing chip market dynamics.

RANK_REASON Company's strategic pivot to a new market segment with significant revenue projections. [lever_c_demoted from significant: ic=1 ai=0.7]

Read on The Verge — AI →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Qualcomm pivots to data centers amid smartphone slump, targets $15B by 2029

How we ranked this

Signal score
51 / 100
Composite score across the factors below. Higher = stronger signal that this story matters right now.
Newsworthiness bucket
Research
Company's strategic pivot to a new market segment with significant revenue projections. [lever_c_demoted from significant: ic=1 ai=0.7]
Source corroboration
Single-source cluster
Only one publisher covered this so far. Single-source stories can still rank when the publisher is high-authority, but they lack cross-source corroboration.
Topics
infra, product
Editorial topic classification. Feeds into how the story surfaces on /topic/<slug> hub pages and into the per-entity coverage mix.
AI-industry relevance
High
Clearly on-topic for AI-industry coverage.
Story freshness
Breaking (< 6h)
Fresh story with cross-source coverage still developing. Ranking may shift as more sources report.

Full methodology in our editorial standards.

COVERAGE [1]

  1. The Verge — AI TIER_1 English(EN) · Terrence O’Brien ·

    Qualcomm is betting big on data centers as smartphone sales sink

    With smartphone sales tanking by around 20 percent compared to 2025, Qualcomm is looking to data centers to help boost its bottom line. During its Q4 2026 earnings call, the company laid out its plans to make a splash in the AI data center business, through partnerships with comp…

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