Should HUMAIN’s New AI Engineering Center in Riyadh Spur Action From Qualcomm (QCOM) Investors?

• HUMAIN recently announced plans to open a new Qualcomm AI Engineering Center in Riyadh, supporting the rollout of advanced cloud AI solutions and 200 megawatts of data center capacity based on Qualcomm’s technology from 2026.
• This deepens Qualcomm’s international presence in AI infrastructure, highlighting growing momentum for its diversified expansion into data centers and intelligent connectivity beyond its traditional mobile markets.
• We'll explore how Qualcomm’s role in HUMAIN’s AI data center expansion shapes its evolving investment narrative.

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QUALCOMM Investment Narrative Recap

To be a QUALCOMM shareholder today, you need to believe that its push into AI, data centers, and diversified chip markets will offset risks from handset cyclicality and intensifying competition. While the opening of the HUMAIN AI Engineering Center in Riyadh broadens QUALCOMM’s global AI reach, its near-term impact on earnings and the critical shift away from handset dependency is limited; the biggest risk remains execution in new segments and navigating ongoing industry shifts.

Among the latest developments, QUALCOMM’s recent collaboration with HUMAIN to deliver 200 megawatts of advanced AI data center infrastructure in Saudi Arabia directly aligns with its efforts to tap into high-value data center and AI markets. This supports the key catalyst of securing design wins and large-scale deployments outside legacy mobile, a factor analysts often highlight as essential for sustaining revenue diversification and margin improvement.

In contrast, investors need to be aware that even with international AI momentum, the unproven nature of these diversification moves means…

Read the full narrative on QUALCOMM (it's free!)

QUALCOMM's narrative projects $46.9 billion revenue and $12.2 billion earnings by 2028. This requires 2.7% yearly revenue growth and a $0.6 billion increase in earnings from $11.6 billion currently.

Uncover how QUALCOMM's forecasts yield a $191.80 fair value, a 16% upside to its current price.

Exploring Other Perspectives

The Simply Wall St Community’s 31 fair value estimates for QUALCOMM range from US$141.66 to US$300, reflecting widely differing outlooks. As you consider these varied opinions, remember QUALCOMM’s growth in new data center and AI markets could determine whether these valuations eventually hold up.

Explore 31 other fair value estimates on QUALCOMM - why the stock might be worth as much as 82% more than the current price!

Build Your Own QUALCOMM Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your QUALCOMM research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free QUALCOMM research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate QUALCOMM's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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