Qualcomm's data center opportunity becomes tangible with custom ARM CPUs

BenBajarin · x · 2026-08-28

Analyst Ben Bajarin argues that Qualcomm is experiencing its 'second platform moment' driven by the data center sector. With the market shifting and hyperscalers validating the ARM server ecosystem, Qualcomm's custom ARM CPU capabilities offer early upside potential. The report notes that while Qualcomm's 2017 Centriq server chip was technically ahead of its time, the current ecosystem readiness significantly improves the company's prospects. Beyond diversifying into automotive and IoT, data center is emerging as a key growth pillar for Qualcomm's engineering strategy.

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