We expect Qualcomm's aggressive product roadmap of Connectivity, AI Accelerators, Custom ASICs, and Arm-Based Server CPUs to drive significant market share gains through FY2029. Strategic acquisitions (Nuvia, Alphawave, Modular) and unique partnerships (Hugging Face, Confidential Core AI) enhance Qualcomm's competitiveness and software ecosystem. Despite formidable competition from Nvidia, Qualcomm's technological advances and hyperscaler wins underpin confidence in achieving management's ambitious $15B FY2029 data center revenue target.
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