AI Is Probably Underestimated, Qualcomm CEO Says

Core Insights - Qualcomm is executing its strategy effectively and is optimistic about future opportunities, particularly in the AI and automotive sectors [2][10][20] - The company has diversified beyond handsets, expanding into various markets, including data centers and automotive, with significant growth in non-Apple related segments [3][10][11] Market Trends - The smartphone market is evolving, with a notable expansion in the premium tier, which is driving growth for Qualcomm and Android devices [7][8] - The demand for more capable smartphones with enhanced AI features is increasing silicon content, contributing to Qualcomm's growth [8][20] Automotive Sector - The automotive segment is currently the fastest-growing area for Qualcomm, with significant year-over-year growth as vehicles become more technologically advanced [9][10] - Qualcomm is developing a digital platform for the automotive industry, known as the Snapdragon digital chassis, to capitalize on this growth [10] Data Center and AI - Qualcomm is focusing on the next phase of data centers, particularly in AI inference, which is essential for scaling AI applications [15][20] - The company is developing architectures optimized for high compute density and energy efficiency, which are critical for data center operations [17][20] Future Projections - The market for data centers is projected to require substantial investment, with estimates suggesting a need for $3 trillion by 2028 [18] - Qualcomm believes that the demand for computing power will continue to grow across various sectors, including phones, cars, and PCs, creating opportunities for innovation [20][22]