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Qualcomm (QCOM.O) released a data center central processing unit (CPU) called Dragonfly C1000 on Wednesday and announced that Meta Platforms (META.O) will adopt this processor for mass production starting in 2028. Qualcomm stated that this new data center CPU is specifically designed for inference-based artificial intelligence, focusing on providing exceptional computing performance without consuming excessive power. This move once again demonstrates that the chip manufacturer, known for its smartphone processors and modems, is actively entering the data center market. Following this announcement, Qualcomm's stock price continued to decline, falling more than 5%.
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