Qualcomm’s Investor Day Just Changed the Growth Story Forever

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Qualcomm nearly doubled its fiscal 2029 non-handset revenue target to $40 billion, spanning data center, automotive, and IoT businesses.

Microsoft and Meta have signed on as early customers for Qualcomm's data center solutions, providing significant blue-chip validation for its AI infrastructure push.

Analysts at Morgan Stanley, JPMorgan, and Benchmark raised their price targets following Investor Day, though risks remain from the anticipated loss of Apple revenue by 2029.

Shares of Qualcomm Inc (NASDAQ: QCOM) are trading just above $200 this week, continuing to consolidate above that key psychological level, which they took so long to crack.

Wall Street had penciled the company's Investor Day in as a potential catalyst for the stock, with JPMorgan flagging it in advance and lifting its price target dramatically in the run-up. To say expectations were high would be putting it mildly.

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The good news for investors is that the day itself didn't just meet those expectations—it blew straight through them, with management delivering a long-term outlook

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/qualcomm-investor-day-just-changed-143000099.html)