Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar

Qualcomm forecasted that sales of chips for data centers will generate $15 billion in revenue by 2029, leading to a surge in the company's shares. This was reported by Qazaqyia.kz citing Reuters.

The forecast reflects Qualcomm's growing share in the data center market. The company competes with major players such as Intel and AMD.