Patrick Moorhead was ranked the #1 analyst out of 8,000 in the ARInsights Power 100 rankings and the #1 most cited analyst as ranked by Apollo Research. Moorhead founded Moor Insights & Strategy based on his real-world technology experiences with the understanding of what he wasn’t getting from analysts and consultants.
. As emphasized in the company’s recent Investor Day event , all parts of the company’s business are running hot, with particular strength in the automotive market and big momentum just beginning in processors for AI PC s. At the same time, Qualcomm continues to be a dominant player in smartphones, where its growth is easily outpacing the market.
In the mobile market, the company’s newest Snapdragon 8 Elite processors continue to set the tone, with Qualcomm claiming that these processors have the fastest mobile CPUs and NPUs for AI processing. The handsets based on this silicon are already available in China, and their performance aligns with Qualcomm’s claims. We haven’t tested them at Signal65 yet, but hopefully we can do that soon.
In my view, Qualcomm is extremely well positioned to serve this market, and I’m eager to see what the company will do in the future with AI on the industrial edge. The company is likewise bullish about it, projecting up to $14 billion in annual revenue for IoT by 2029, and $22 billion in combined automotive and IoT revenue in the same timeframe.
Bigger picture, what Qualcomm is building with on-device, edge and cloud AI could be huge. There are obvious benefits of using on-device AI, including lower latency, better efficiency and inherently better privacy/security. What it’s doing with AWS and others to blend edge and cloud capabilities should lower costs for developers and improve AI scalability.
Iiot AI Chips AI PC Copilot+ PC Automotive Chips Semiconductors Mobile Chips
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