Qualcomm Poised to Dominate AI Smartphone Market While Intel Struggles in PCs
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Qualcomm is poised to benefit from the fast-growing market for AI-enabled smartphones, with over 170M units expected to ship this year. Its Snapdragon chips power many flagship devices.
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The AI smartphone market has room for rapid 83% annual growth through 2027. Qualcomm has over 80% share of the generative AI smartphone market.
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Qualcomm is also entering the AI PC processor market, opening a new growth avenue.
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Intel has a $2B AI accelerator revenue pipeline, but AI won't move the needle much on $57.4B total expected revenue.
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AMD is stealing client market share from Intel with Ryzen AI PC processors. Intel faces uphill battle in PCs and data centers.