Qualcomm (QCOM) shares advanced 5.3% during Thursday’s early trading session, following a premarket surge that exceeded 10%. The semiconductor manufacturer disclosed that Meta Platforms will integrate its Dragonfly C1000 CPUs upon their 2028 release, while Microsoft’s Azure cloud platform will implement Qualcomm’s High Bandwidth Compute (HBC) chip technology, scheduled for deployment around mid-2027. Qualcomm Chief Financial Officer Akash Palkhiwala explained that the HBC chip merges logic and memory elements to provide superior performance and bandwidth while maintaining low power consumption. Both hyperscale custom-silicon agreements are projected to generate revenue exceeding $1 billion individually by fiscal year 2027. Qualcomm increased its fiscal 2029 non-handset revenue projection to $40 billion, a significant jump from the previous $22 billion estimate, with data-center operations alone anticipated to reach $15 billion within that timeframe. Mobile handsets presently account for 72% of Qualcomm’s fiscal 2025 revenue stream, projected to decrease to merely one-third by fiscal 2029. Qualcomm also revealed a $3.9 billion acquisition agreement for Modular, an AI infrastructure software provider.