Qualcomm bets big on AI data centers with Dragonfly C1000 and Meta as first major customer

Qualcomm unveiled the Dragonfly C1000 data-center CPU designed for agentic AI, with Meta planned to use it when production starts in 2028. The company also lifted its 2029 non-handset revenue outlook to about $40 billion and set a $15 billion target for data-center sales, signaling a broader push beyond smartphones into AI-enabled data centers, automotive, and other growth markets. It also acquired Modular to enable cross-architecture AI software and highlighted deals with hyperscalers, as shares rose on the news.