Meta Gains From AI Partnership as Qualcomm Raises 2029 Revenue Targets
META•Qualcomm raised its fiscal 2029 revenue forecast and expanded its AI partnership with Meta Platforms, supporting a nearly 2% jump in Nasdaq 100 futures. This collaboration underscores growing AI demand and could enhance Meta’s chip integration and cloud infrastructure capabilities.
1. Qualcomm Raises Fiscal 2029 Revenue Forecast
At its recent investor event, Qualcomm increased its fiscal 2029 revenue guidance, citing stronger-than-expected demand for AI accelerators and modem chips. This outlook upgrade reflects confidence in sustained enterprise and data center spending on AI technologies.
2. Expanded AI Partnership with Meta Platforms
The agreement broadens collaboration on custom AI silicon and integration into Meta’s data centers and XR devices. This deeper technical alliance aims to optimize performance for Meta’s AI workloads and strengthen its infrastructure roadmap.
