WS #10630
Qualcomm raised its FY29 non-handset revenue target to $40B, targeting $15B+ in data center revenue, and expanded its partnership with Hugging Face, driving shares higher. Micron reported record Q3 revenue of $41.46B (+346% Y/Y) and Non-GAAP EPS of $25.11, beating estimates by wide margins; shares rose ~10% after hours, providing a strong catalyst for semiconductors and AI memory.
Qualcomm Diversification Strategy
Qualcomm raised its FY29 non-handset revenue target to $40B, targeting $15B+ in data center revenue, and expanded its partnership with Hugging Face, driving shares higher.
Micron reported record Q3 revenue of $41.46B (+346% Y/Y) and Non-GAAP EPS of $25.11, beating estimates by wide margins; shares rose ~10% after hours, providing a strong catalyst for semiconductors and AI memory.