Qualcomm won’t be a big datacenter player anytime soon

Qualcomm predicts $15 billion in annual datacenter revenue by FY 2029 but acknowledges this will position it as a minor player compared to rivals like AMD, Intel, and Nvidia. The company faces declining revenue from Apple due to the iPhone maker's shift to in-house modems and is diversifying into automotive, IoT, and datacenter markets to offset losses.