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

Qualcomm's Performance and Strategy - Qualcomm beat estimates on both top and bottom lines with strong guidance [1] - A tax-related charge was taken by Qualcomm [2] - Qualcomm's CEO attributes upside in the phone business to consumers trading up to premium phones, driven by the increasing utility of phones and the AI transition [2][3] - Qualcomm is developing data center chips to compete with Nvidia and AMD, aiming for a more efficient chip architecture [3][4][5] - Qualcomm plans to share more details about its data center chips in the first half of next year [4] AI and Market Dynamics - The AI transition on phones is described as a crescendo, enhancing the utility of small screens [2][3] - The data center market is expected to generate significant profit from AI, moving from training to inference [4] - Companies may delay GPU adoption in anticipation of more efficient technologies, impacting the economics of data centers [4] - Global AI standards are evolving, influencing infrastructure development and technology adoption in different regions [6] - Restrictions on US-based technologies in certain markets could lead to the development of alternative solutions, potentially impacting US competitiveness in the long term [6][7][8]