It’s far from certain that Qualcomm QCOM -3.05%decrease; down pointing triangle can become a force in the data-center chip business. But unlike other speculative AI chip plays, investors aren’t placing a crazy bet that it will be.
A quick look at the stock might suggest otherwise. Qualcomm’s share price has surged more than 40% since the company disclosed a major data-center customer during its last earnings call in late April. That exceeds the gains of most other chip stocks in that time.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8