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Chip company Qualcomm's (QCOM.O) stock price rose 15% in after-hours trading on the US stock market. Qualcomm stated that it has raised its non-mobile business revenue target for the fiscal year 2029 to $40 billion, which is approximately twice the previous target for fiscal year 2029. The company also stated that its current target is to achieve AI data center revenue of over $15 billion in fiscal year 2029.
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