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Trending News: Adani Group investor GQG Partners’ shares crash 25% — on pace for record lossAsian markets live: Nvidia results, Adani accusationsTaiwan Stock Exchange Could Extend Wednesday’s LossesHyundai all-electric Ioniq 9 three-row SUV revealedWhy Trump chose ‘Dr. Oz” to oversee Medicare, Medicaid could be “devastating”Billionaire Gautam Adani accused of fraud and corruption in New YorkSnowflake shares soar as software company’s prospects impressNvidia (NVDA) Q3 2025 Earnings ReportNVIDIA Corporation’s third-quarter profit rises, beating estimatesTrump-Fed risk of conflict ‘very high,’ says leading economistStock Market Today: Live UpdatesEx-div recall for Scotts Miracle-Gro (SMG)Williams-Sonoma shares – up nearly 28% – had just one better day than everSupply chain double whammy looms for U.S. economy in early 2025Marriott to open 2nd EDITION hotels in ShanghaiTarget stock is a notable loser after disappointing earnings reportSoftware firm Odoo hits $5.3 billion valuation in secondary share saleUS closes embassy in Kyiv, warning of potential ‘air attack’Prediction: Tilray Brands won’t be a cannabis company in 5 yearsLibas Consumer Products LimitedTraders reduce bets on Bank of England rate cut after UK inflation reboundsEuropean Central Banks warns of trade tension risks to financial stabilityDelta forecasts sales growth in 2025 thanks to ‘resilient economy’Cathie Wood Just Delivered Fantastic News for Bitcoin InvestorsDelta Air Lines sees opportunity in ‘premium consumer’ as it sets long-term financial goalsLibas Consumer Products LimitedNegotiated salaries in the euro zone increased by 5.42% in 3Q, compared to +3.54% in 2QWhat Trump’s return to the White House may mean for global bond yieldsDisney Treasure Cruise Ship Debuts; the fleet will double by 2031Why Institutions Could Make This Year Pivotal for CryptoSocial Security benefits get a 2.5% cost-of-living adjustment (COLA) in 2025. 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Thu. Nov 21st, 2024

Qualcomm Unveils Growth Strategy And Financial Targets


(RTTNews) – Qualcomm Inc. (QCOM) outlined its significant growth and diversification opportunities at its 2024 Investor Day. The company’s strategic position at the edge is expected to unlock a total addressable market (TAM) of approximately $900 billion by 2030, with more than 50 billion cumulative connected edge device shipments forecasted from 2024 to 2030.

Qualcomm outlined new five-year financial targets for its QCT business, projecting significant growth across several sectors by fiscal year 2029. The company expects combined revenues from Automotive and IoT to reach $22 billion, with Automotive revenues growing to $8 billion and IoT revenues expanding to $14 billion.

Additionally, Qualcomm anticipates that its PC segment will generate $4 billion in revenues, while the Industrial sector is expected to reach $4 billion as well. The XR (extended reality) business is forecasted to grow to more than $2 billion, and the rest of IoT is projected to contribute $4 billion in revenues by fiscal year 2029.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


    • News Analyst

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