• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    Qualcomm (QCOM) Expands AI Infrastructure Reach With New Programmable Networking Partnership

    Simply Wall St·09/15/2026 12:22:59
    Listen to the news
    • QUALCOMM (NasdaqGS:QCOM) and Cornelis Networks announced a collaboration on next generation AI data center networking solutions.
    • The partnership focuses on programmable scale up and scale out interconnects designed for high performance AI infrastructure.
    • Cornelis will combine its Ethernet based fabrics with Qualcomm Technologies compute capabilities to address future AI workload demands.
    • Qualcomm's new work with Cornelis on programmable AI networking is only one piece of a broader infrastructure story. Take a look at 1 major warning sign we have identified for QUALCOMM.

    This push into AI infrastructure is not unique to Qualcomm, and there are many other stocks already exposed to the same build out story 60 AI infrastructure stocks.

    NasdaqGS:QCOM Earnings & Revenue Growth as at Sep 2026
    NasdaqGS:QCOM Earnings & Revenue Growth as at Sep 2026

    QUALCOMM develops foundational wireless technologies used across mobile devices and data centers, and its partnership with Cornelis plugs that expertise directly into high performance AI infrastructure. For a large US$194.4b semiconductor group, closer involvement in AI networking aligns closely with its existing role in wireless communication chips and systems.

    3 things going right for QUALCOMM that this headline doesn't cover.

    What Qualcomm’s Cornelis AI networking deal really confirms in the bull vs bear debate

    This Cornelis tie up leans toward the Qualcomm bull case that expansion in data centers and next gen connectivity can broaden the business beyond smartphones. Programmable Ethernet fabrics linked with Qualcomm’s compute strengths reinforce the existing catalyst that AI inference and edge workloads could become a meaningful second leg alongside handsets, automotive, and industrial IoT. The more partnerships like Cornelis and Amazon cluster around AI infrastructure, the harder it is to argue that Qualcomm’s push into data centers is purely theoretical, even though the diversification remains early and unproven in the risk framework.

    See how these catalysts shape QUALCOMM's path to a $196 fair value.

    For a reality check, the practical waypoint to watch is Qualcomm’s disclosed progress on AI and data center revenue by fiscal 2028 to 2029, compared with management’s longer term non handset and data center ambitions that analysts are already building into their Narrative assumptions.

    One more thing QUALCOMM investors should check before moving on

    All the AI networking storylines still leave one quiet but crucial question hanging in the background. What the stream of cash coming out of QUALCOMM suggests the whole business might be worth next to the current share price. Find out exactly what QUALCOMM is worth today based on its cash flows.

    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.