Qualcomm Jumps 11%, Then Pulls Back Amid Meta Platforms Data Center Deal and Wave of Analyst Target Hikes - 24/7 Wall St.

Qualcomm's stock surged as much as 11% before retreating to a 5% gain following a major data center deal with Meta Platforms and a wave of upgraded price targets from analysts. The company’s strategic... Read original →

Qualcomm’s data center deal with Meta marks a strategic pivot beyond mobile, but Dragonfly C1000’s success hinges on cracking NVIDIA’s CUDA moat. Without a compelling software stack, even superior ARM-based efficiency won’t sway cloud developers entrenched in CUDA. Geopolitically, tightening U.S. export controls on EUV and advanced packaging could delay the H2 2028 ramp, especially if TSMC (Taiwan, China) prioritizes NVIDIA’s CoWoS capacity. NVIDIA will likely counter by bundling Grace CPUs with Blackwell GPUs and expanding open-source AI tooling to lock in ecosystem dominance. Over the next 12–24 months, Qualcomm must prove it can build a cloud-native developer base independent of Android—a tall order. If it fails, the recent stock surge reflects speculative AI hype, not a sustainable inflection.