Akash Palkhiwala, CFO and COO of Qualcomm (QCOM), talks about how the company&#x27;s AI data center pivot serves as a key inflection point. Qualcomm named Meta Platforms (META) and Microsoft (MSFT) as early customers in the AI infrastructure buildout. Akash believes the company is primed to take significant market share in what he calls a &quot;trillion-dollar market.&quot; He adds how Qualcomm&#x27;s deeper push into the AI buildout affects its legacy businesses like devices and automotive. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Qualcomm (QCOM) CFO & COO on AI Data Center Push, META & MSFT New Customers

Schwab Network

Welcome back to Opening Bell. Want to get you ready for the trading day. Big guest with us right now, very special guest and that is Akash Palkiwala. Thanks Akash Palkiwala. Thank you so much for being with us. Chief Financial Operating Officer, Chief Financial Officer at Qualcomm. So glad you're with us. So you had your investor day and people are really cheering Qualcomm, a transformation. The AI build out is real. Tell us a little bit about what's on the agenda here.

Yeah, Nicole, first of all, thanks for having me on the show. Very excited about what we announced yesterday. I think Qualcomm has been the leader on the edge devices with smartphones and cars and industrial and other areas. Now we're bringing those technologies to data center. I think as data centers evolve, what becomes very important is being able to do processing in data centers as very low power. And that's something that we've been doing for a long time.

In edge devices and we're bringing that advantage to the data center. So very positive reception from customers. I think the hyperscalers are looking for alternatives. As we move from training to inference and as the data center kind of processing changes from using GPUs for everything to disaggregated computing, there's a lot more room for the players to come in and give solutions that are very optimized for low power workloads.

And so very excited about what we announced yesterday. I think it's just the beginning for Qualcomm and data center. Yeah, you've been quietly calibrating your CPUs for this. And now with the data centers, it's sort of somewhat monumental to folks because now we're going to talk about non-handset revenue.

Qualcomm (QCOM) CFO & COO on AI Data Center Push, META & MSFT New Customers

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Qualcomm (QCOM) CFO & COO on AI Data Center Push, META & MSFT New Customers

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.