Qualcomm Says Data Center Chips to Produce ‘Billions’ in ’27

Qualcomm expects its data center chips to generate billions by 2027, with Meta becoming its first Big Tech customer. This deal and an improved revenue outlook led to a share price increase of up to 15%. Meanwhile, Bloomberg reports that chip companies maintain significant control over AI memory capacity, drawing parallels to the influence oil companies exert over energy prices as they maximize earnings from the current AI technology surge.