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 &#x27;Life at the Speed of Play: Launch Products People Love!&#x27; See omnystudio.com/listener for privacy information.

Qualcomm Jumps on $15 Billion Data Center Sales Projection

Bloomberg Businessweek

# Full Transcript

**Podcast:** Bloomberg Businessweek

## Participants

- **Ed Ludlow** (Bloomberg)
- **Mark Pincus** (Zynga)
- **Mandeep Singh** (Bloomberg Intelligence)

## Transcript

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This is a different conversation. It's a different data center right now. This is about AI. But it's a valid question, right? So I will give you the same answer that I gave when we entered the automotive business, when we entered the industrial business, and everything that we have been doing to diversify the company.

Those are fast-moving markets now changing with technology. So where we really focus is not what the data center is doing today, but what the data center is going to be doing tomorrow. The data center is now moving to a Gentec. That's why you see CPU companies on the rise. You see demand on the rise.

Good stuff there. Cristiano Amon, Qualcomm CEO there with Romain Bostic and, of course, the host of Bloomberg Tech, Ed Ludlow, who kindly is joining us right now from our bureau in San Francisco. Do you want to point out Qualcomm shares are up about 7%? They're off their highs of the session. Micron, we're going to get to that too. It's up about 17.5%. I think it's at an all-time high as we speak. Whoa, Ed Ludlow, where do we begin? Yeah, it's quite a lot. What do you think? Let's talk about Qualcomm. We just h...

Qualcomm Jumps on $15 Billion Data Center Sales Projection

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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Qualcomm Jumps on $15 Billion Data Center Sales Projection

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.