From Yahoo Finance: 2025-06-04 08:19:00

Qualcomm plans to diversify into data centers and capitalize on the AI boom. Its 40-year history will shift away from Apple’s iPhone business, with the tech giant transitioning to its own modem. The licensing agreement with Apple ends in 2027, with Qualcomm estimated to pull in $43.5 billion in sales this year.

To offset lost Apple sales, Qualcomm invests in connected car and IoT segments, aiming for $22 billion in revenue by 2030. The company expects to have a 70% share in iPhones this fall, dropping to 20% next fall and zero by 2027. Qualcomm is also venturing into data centers with processors for AI, competing against AMD, Intel, and ARM.

Qualcomm CEO Cristiano Amon remains optimistic about the company’s future, emphasizing growth in other markets like Android. The Street takes a cautious stance on Qualcomm’s stock, waiting to see progress in diversification. Qualcomm’s stock trades at a discount compared to the S&P 500, down 28% in the past year.

Qualcomm looks to the future, focusing on the data center market for continued growth. The company aims to disrupt the industry and expand its presence in IoT, Auto, and PC markets. Qualcomm’s stock is expected to trade at a discount until it demonstrates success in these sectors. 1. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by over 500 points. This decline was attributed to concerns over rising inflation and interest rates.

2. A new study has found that the Pfizer-BioNTech COVID-19 vaccine is highly effective in preventing severe illness and hospitalization caused by the Delta variant. The vaccine was shown to be 93% effective in preventing hospitalization.

3. In international news, the United Nations has declared a famine in Ethiopia’s Tigray region, warning that millions of people are facing starvation. The ongoing conflict in the region has disrupted food supplies and led to a dire humanitarian crisis.

4. The European Union has announced plans to impose sanctions on Belarus over the recent forced landing of a Ryanair flight in order to detain a journalist. The EU has condemned the incident as a violation of international aviation rules and an attack on press freedom.

5. NASA’s Ingenuity helicopter has successfully completed its ninth flight on Mars, covering a distance of 625 meters. The helicopter, which is part of the Perseverance rover mission, has exceeded all expectations and continues to provide valuable data and insights for future missions.

Read more: We’re diversifying beyond declining Apple business