Analysts Split on Qualcomm’s AI Data‑Center Pivot After Humain Deal and Chip Launch

Overview

• Qualcomm unveiled its AI200 and AI250 accelerators on Oct. 27, targeting data‑center inference with higher memory capacity and energy‑efficient designs, with rollouts slated for 2026 and 2027.
• Saudi startup Humain agreed to source up to 200 megawatts of Qualcomm‑powered rack capacity as part of a large‑scale AI infrastructure buildout.
• Shares jumped more than 20% to a 52‑week high on the announcement, reflecting investor enthusiasm for Qualcomm’s push beyond mobile.
• Wall Street’s stance is mixed, with a 32‑analyst consensus at Moderate Buy; Rosenblatt reiterated Buy with a $225 target, while Citi lifted its target to $175 and kept Neutral.
• Citi estimates the Humain commitment could contribute roughly $1 billion in sales and about $0.25 in EPS, as investors watch Nov. 5 results following a year of consistent estimate beats.