What Qualcomm Stock Was Saying About Its Multibillion-Dollar Data Center Plan

Qualcomm’s multibillion-dollar data center plan became more visible as the stock surged, rising 54.0% from Mar. 24, 2026 to Jun. 24, 2026. The article links the move to an investor day where management outlined a major push into data center AI, but it says the evidence had been building for months through earnings calls. It cites an earlier clue from an executive describing “advanced discussions with a leading hyperscaler.” Qualcomm subsequently disclosed AI inference-optimized SoCs and identified HUMAIN as its first customer, targeting deployments in 2026, along with a full update promised for the first half of 2026. Executives also characterized data center as a potential multibillion-dollar revenue opportunity within a couple of years. In parallel, trailing twelve-month revenue growth in fiscal Q1 2026 accelerated to 10.3%, above its three-year average. Options implied volatility sat at the 94th percentile as of 2026-03-13.