Qualcomm unveiled new data center CPU (Dragonfly C1000) and AI accelerator portfolio targeting agentic AI workloads, with Meta announced as first major customer for Qualcomm data center chips.

Qualcomm announced new data center chips aimed at the booming AI market, including the Dragonfly C1000 CPU and a portfolio of AI accelerators designed for agentic AI workloads. The company secured Meta as its first major customer for these data center processors, validating demand beyond its traditional smartphone and mobile business.

Qualcomm forecasts $15 billion in annual data center chip sales by 2029, signaling confidence in its ability to capture market share from incumbents. The announcement drove significant gains in Qualcomm's share price, reflecting investor appetite for exposure to AI infrastructure.

For the broader AI buildout, Qualcomm's entry with a major customer backing marks another competitive pressure on traditional chip suppliers. The focus on agentic AI workloads suggests the company is positioning itself for the next wave of AI deployment, where autonomous agents and complex reasoning tasks will demand specialized silicon—a segment still dominated by Nvidia but increasingly contested.