Qualcomm Diversifies Beyond Smartphones with New PC Chips and Robotics Push
Qualcomm shares ROSE 2.7% following a strategic expansion into PC processors and robotics. The Snapdragon X2 Plus chip for Windows laptops delivers 35% faster performance with 43% lower power consumption, while the Dragonwing IQ10 processor targets humanoid robots and industrial automation.
The company unveiled a comprehensive robotics architecture combining hardware, software, and compound AI, projecting the physical AI market could reach $1 trillion by 2040. Analysts maintain a Moderate Buy rating with $198.93 average price target as Qualcomm executes its diversification play.