Qualcomm expects data center AI component sales to exceed $15 billion by fiscal year 2029.

Qualcomm released its latest forecast on June 24th local time, predicting that by 2029, the annual revenue of its non-smartphone businesses will reach $40 billion, which is twice the long-term forecast made two years ago; it is forecasted that sales in the data center AI component market for the 2029 fiscal year will exceed $15 billion.