Qualcomm Expands Data Center and AI Strategy with New Portfolio and Acquisitions

Qualcomm held its Investor Day, announcing its Dragonfly data center portfolio and the acquisition of AI software company Modular. The company also secured key agreements with major hyperscalers like Meta and Microsoft. This strategic expansion, including a new server CPU designed for AI orchestration, aims to strengthen Qualcomm's position in the data center and artificial intelligence markets.