Qualcomm Jumps on $15 Billion Data Center Sales Projection

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Qualcomm shares jumped after the chipmaker forecast annual sales of more than $15 billion from artificial intelligence components in data centers by fiscal 2029. This year Qualcomm’s gains have lagged a general rally by chip stocks as investors concentrated on names more closely associated with spending on AI components. Qualcomm’s new priority is to win business from the biggest investors in data center gear, joining the competition to cut into Nvidia lead in what has become the most lucrative opportunity in the history of the semiconductor industry. On this episode, Carrol Massar and Tim Stenovec speak with: Ed Ludlow, Bloomberg Tech Host Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research Mark Pincus, Founder of Zynga and author of the new book 'Life at the Speed of Play: Launch Products People Love!' See omnystudio.com/listener for privacy information.