NVDA · News · 20261030N

Competition and Market Share (Custom Chips)

NVIDIA CORP · 2026-10-30 · Importance 33 · Surprise 42

Qualcomm is expanding into data-center AI accelerators, targeting the inference market currently dominated by NVIDIA. It has commercial relationships with HUMAIN, Amazon, and Meta and is targeting more than $15 billion in data-center AI chip revenue by fiscal 2029. Qualcomm’s $3.1 billion acquisition of Modular is intended to strengthen its software stack and challenge NVIDIA’s CUDA ecosystem.