Qualcomm targets AI data centers as smartphone sales fall

In 50 words

Qualcomm is turning to AI data centers as smartphone sales fall by around 20 percent from 2025, The Verge reported. On its Q4 2026 earnings call, the company forecast US$650 million in data center revenue in Q1 2027, rising to US$5 billion by end-2027 and US$15 billion by 2029.