QCOM · News · 20260911N

Market Demand Trends

QUALCOMM INC/DE · 2026-09-11 · Importance 23 · Surprise 24

Third-party reporting describes Qualcomm’s handset business as shrinking while automotive and data-center ambitions scale rapidly. The transition reflects Qualcomm’s effort to diversify beyond mobile handsets into automotive systems and AI-native data-center products. The relative pace of handset weakness versus automotive and data-center expansion is identified as a key determinant of the company’s next growth cycle.

Key facts

• Qualcomm began shipping its Centriq server processor in November 2017 and had all but dismantled the effort by the end of 2018. source
• Qualcomm is diversifying its revenue streams by shifting focus from mobile handsets to automotive and AI-native data centers. source
• Qualcomm's handset business is shrinking while its automotive and data center ambitions are scaling fast. source
• In the latest trading session, Qualcomm (QCOM) closed at $181.97, marking a +2.88% move from the previous day. source
• Qualcomm is rated Buy and Marvell, Hold, as QCOM offers superior risk-adjusted upside ... with a $298 FY2029 price target (69% upside). source
• Qualcomm stock saw a slight increase in premarket trading Friday, fueled by broader market optimism. source