# Qualcomm shares jump 15% as CEO Cristiano Amon signals smartphone rebound and data center growth, despite Q3 revenue and profit forecasts missing analyst estimates.

*semiconductor · news · 2026-04-30 · CNBC TV18*

## Key points

- Qualcomm predicts a rebound in the smartphone market after its fiscal third quarter.
- Qualcomm will begin shipping data center chips for CPUs, inference accelerators, and custom ASICs this year.
- Qualcomm's data center strategy includes custom ASICs enabled by last year's $2.4 billion AlphaWave acquisition.
- Qualcomm's Q3 revenue and chip segment forecasts are entirely below analyst estimates despite positive outlooks.

**Companies:** Qualcomm, Apple, Samsung
**Countries:** United States, South Korea, China

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/qualcomm-rises-on-smartphone-rebound-hopes-data-center-chip-push-ws-l-19896294.htm)

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