{"id":2373,"date":"2026-06-27T12:09:44","date_gmt":"2026-06-27T12:09:44","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=2373"},"modified":"2026-06-27T12:09:44","modified_gmt":"2026-06-27T12:09:44","slug":"qualcomms-big-ai-gamble-breaking-nvidias-chips-stronghold","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=2373","title":{"rendered":"Qualcomm\u2019s big AI gamble: Breaking Nvidia\u2019s chips stronghold\u00a0"},"content":{"rendered":"<div>\n<p>Now, Amon has a more ambitious target in his sights: His five-year plan, presented to investors this week, is nothing less than a challenge to Nvidia\u2019s long dominance in the market for A.I. chips for data centers. At Qualcomm\u2019s investor day in Manhattan on Wednesday, he and his team unveiled its latest lines of AI accelerators and central processing units (CPUs).<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2371\">The uncertainty paradox: believe it or not, today\u2019s massive uncertainty creates the best conditions for disruptive growth<\/a><\/p>\n<p>Taking Nvidia on won\u2019t be easy for Qualcomm. After all, Nvidia\u2014the most valuable company in the world with a market capitalization of $4.7 trillion\u2014is the market leader by far in AI chips. \u201cA lot of people ask, \u2018Oh, in this crowded market, is it too late? It\u2019s never too late for Qualcomm,\u201d Amon told a packed room of Wall Street analysts on Wednesday.\u00a0<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Investors seemed to agree with Amon\u2019s assessment: Qualcomm shares shot up as much as 15% on Wednesday when the chipmaker forecast annual sales of more than $15 billion from A.I. components in data centers by fiscal 2029. (By Friday, those share gains had mostly evaporated, as Qualcomm was dragged down by the sell-off hitting many large tech stocks on the Nasdaq.)<\/p>\n<p>Qualcomm also projected annual revenue of $40 billion for its businesses excluding handsets, long its big revenue driver, by 2029. That\u2019s double a long-range forecast from two years ago and a signal that Qualcomm is making progress in its efforts to rely less on mobile phone chips.<\/p>\n<p>Qualcomm\u2019s investor day featured video endorsements from the CEOs of Meta and Microsoft, Mark Zuckerberg and Satya Nadella respectively, and senior executives from Amazon and Google extolling the virtues of Qualcomm\u2019s tech.<\/p>\n<p>Amon said he recognizes the public\u2019s concerns about AI and data centers, with their massive power needs, and he\u00a0 sees that as an opportunity to stand out by offering products like power-efficient CPUs. \u201cThere is pushback,\u201d he said, \u201cbut that\u2019s good because it is going to drive the industry to look for alternatives.\u201d<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The Qualcomm executives\u2019 presentations were dizzying, with so many initiatives being pursued at once: In addition to the data center efforts, the company is pushing further into the automotive space, and taking on Intel and AMD, among others, in the PC chips market.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2369\">The 30-year fixed mortgage was supposed to be predictable. Two costs quietly broke that promise<\/a><\/p>\n<p>The company will also be busy integrating a large new venture: This week, Qualcomm announced the $3.9 billion acquisition of AI software company Modular, which gives Qualcomm a software platform to compete with Nvidia\u2019s CUDA. That platform allows users to develop AI programs and services and take full advantage of Nvidia\u2019s graphics processing units (GPUs), leading many developers who write programs to stick with Nvidia. Modular is an attempt to weaken that Nvidia dominance.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Amon, a Brazilian engineer who joined Qualcomm 30 years ago and became its CEO in 2021, dismisses the notion that this is all too much for Qualcomm to chase at once, saying the company has been on this reinvention path many times before.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>\u201cWe have a very, very strong engineering culture. It\u2019s a company that is not afraid of taking on completely new challenges,\u201d he told <em>Fortune<\/em>, declaring that \u201cit\u2019s been a pressure cooker for each one of the years since we started.\u201d<\/p>\n<div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>Amon recalled facing questions in 2021 about why Qualcomm was chasing so many rabbits at once, between developing its automotive business, its PC chips and industrial applications. \u201cBecause we can,\u201d he recalled answering the skeptics. \u201cAnd now we have the exact same thing.\u201d<\/p>\n<p>Still, a successful reinvention requires getting the troops on board. \u201cYou have to overcommunicate, you have to have clarity of vision, and you need to do it as many times as is necessary to make sure everybody understands it,\u201d said Amon.\u00a0\u201cIt\u2019s like you see in those movies, before a big battle, the general goes in front of the troops and makes a speech, because people are going to have to believe in it to really commit.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2367\">Philanthropy leader at Warren Buffett and Bill Gates\u2019 Giving Pledge says children of billionaires are pushing them to give their wealth away faster<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CEO Cristiano Amon is betting Qualcomm can gain a foothold in data center AI\u2014and the chipmaker has already lined up clients like Meta and Microsoft.<\/p>\n","protected":false},"author":1,"featured_media":2372,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[],"class_list":["post-2373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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