Qualcomm Goes All-In: The $10B Bet to Crush Nvidia

Qualcomm is pivoting from mobile processors to AI data center infrastructure through a reported $10B acquisition of Tenstorrent and the launch of its Dragonfly server platform. The company aims to offer power-efficient AI inference solutions to hyperscale data centers, positioning itself as an alternative to Nvidia. With strong financials, a $20B buyback program, and analyst upgrades, Qualcomm is executing an aggressive strategy to capture the enterprise AI market.