BUZZ-Qualcomm rises, lifts long-term data center and non-handset revenue targets

QUALCOMM Incorporated

QUALCOMM Incorporated

QCOM

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** Shares of chip company Qualcomm QCOM.O jump 7.9% to $212.87 in extended trading

** QCOM says it is raising fiscal 2029 non-handset revenue target to $40 billion, about 2x the prior fiscal 2029 target

** Says co now targets more than $15 billion in AI data center revenue by fiscal 2029

** Up to last close, stock up ~15% this year


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