Qualcomm looks undervalued among tech stocks given its opportunities in physical AI, CPUs and an emerging data-center market. x.com 

A rising value of compute per watt should benefit AI cloud, chip, connectivity and power suppliers. Elon Musk says that value will rise over time. Nebius has Microsoft and Meta deals; Marvell benefits from custom silicon demand; Credo connects GPUs; Vistra has long-term nuclear supply deals with Amazon and Meta; Nokia's Nvidia partnership could help it capture data-center networking growth. x.com  x.com 

Qualcomm is not simply undervalued: as a pure chip designer it lacks both manufacturing and distribution to end developers, leaving it squeezed by the largest companies on earth. It sends designs to TSMC and has no vertical integration. Amazon, which has pricing power through AWS, is now using Qualcomm to design its next chip, pushing it to undercut Broadcom. Nvidia controls the CUDA developer ecosystem, so its designs will likely far outpace Qualcomm's. It could be wrong short term. x.com 

Qualcomm is shifting from handset supplier to AI infrastructure platform, which should shrink its handset discount. At its June 24 investor day it targeted data center revenue rising from $0.3 billion in fiscal 2026 to over $15 billion by 2029, with the Dragonfly C1000 CPU and AI300 inference accelerator. Micron's results show insatiable AI memory demand that its efficient compute can serve. At about 21x forward earnings versus 30-50x for AI pure plays, a 12-month target of $325 is justified. … Show more

Qualcomm's data center option is not yet in the price, even after a 75% one-month rally that prices its edge AI story in smartphones, cars and glasses. Its AI200 and AI250 data center chips are going to a hyperscaler this year, taking Qualcomm directly into Nvidia's territory with more programmable chips, a point flagged by @KatieTarasov. x.com 

AMD and Intel look undervalued against Arm, while Qualcomm faces two hellish years. AMD is worth only 2x Arm despite 6x higher, faster-growing net profit, and Intel only 70% more than Arm, though its CPU business alone should be worth twice as much on a normalized basis, with foundry covering the rest. Qualcomm was hit by Apple and then memory prices, is being outcompeted by NVIDIA in automotive, and its AI racks are pure desperation. x.com 

Qualcomm is moving deeper into AI infrastructure alongside NVIDIA, Broadcom and Marvell through a partnership with Amazon Web Services. AWS will work with Qualcomm on custom AI inference chips and 1.6T optical connectivity, and Amazon got warrants for up to 25M Qualcomm shares that vest with up to $60B of purchases. CFO Akash Palkhiwala has very high confidence in about $5B of FY2027 data center revenue, with orders in hand, and targets $15B+ data center revenue and $18+ non-GAAP EPS by FY2029. … Show more

Qualcomm is becoming a fuller AI infrastructure player, and the market may re-rate it if its $5B fiscal 2027 data center revenue target is met. Most of that target comes from custom chips for one US and one Chinese hyperscaler, about $2B each at mid-30s gross margins. Its High Bandwidth Cache stacks memory on logic for about 6x HBM's bandwidth per watt, easing the inference memory wall. Alphawave's 800G DSPs already earn revenue, and a Meta custom CPU deal carries a minimum share guarantee. … Show more

Qualcomm has a terrible position in every market it competes in and is not cheap enough to compensate. It faces Nvidia in cars, Intel and AMD in data-center CPUs, and Samsung and Google on their own phones. China is a material share of revenue, and Apple is aggressively cutting out Qualcomm's modem, a long-term revenue headwind. @citrini, bullish since December, made a good call, but the short stands; it also works as a funding short against long compute names such as AMD, SanDisk and Lumentum. … Show more

Qualcomm is about to have its time to shine as on-device AI drives growth. Its Snapdragon platforms bring high-performance, low-power computing to edge AI, and it is expanding beyond phones into cars, industrial and smart devices, backed by leadership in 5G, Wi-Fi and next-generation wireless. x.com