Qualcomm revenue dips as data center expansion weighs; stock falls 6%

Qualcomm reported a revenue decline, with CEO Cristiano Amon signaling fiscal 2027 as the inflection point for non-mobile revenues, including data center growth. The market reacted negatively, with shares down 6%, reflecting concerns about near-term weakness amid strategic diversification. The data center expansion is a long-term bet with uncertain payoff.

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