Qualcomm CEO: Our addressable market for AI data centers is 'all of it'

Core Insights - Qualcomm's stock fell after hours despite beating earnings estimates and providing strong guidance, attributed partly to a tax-related charge [1][2] Company Performance - Qualcomm's CEO highlighted that the phone business is thriving as consumers are upgrading to premium devices, even before major AI features are launched [2] - The company is experiencing a trend where smartphones are becoming more essential personal computers, driven by AI capabilities [3] Product Development - Qualcomm announced plans to introduce data center chips aimed at competing with Nvidia and AMD, with more details expected in the first half of next year [4] - The company is focusing on creating a more efficient chip architecture for data centers, addressing the growing demand for AI-related technologies [4][5] Market Dynamics - There is a competitive landscape in AI chip development, with companies like Nvidia currently dominating but facing potential challenges from Qualcomm's new offerings [5][6] - The development of AI standards globally may impact the adoption of US-based technologies, as companies in different regions may lock into alternative solutions [6][7] Strategic Considerations - The potential long-term economic impacts of US companies being locked out of certain markets could influence the industry's strategic positioning [8]