Qualcomm Secures 200MW Saudi AI Inference Deal With HUMAIN
Rosenblatt pegs the rollout at about $2 billion in potential revenue, with execution risk still unresolved.
Overview
- HUMAIN plans to begin deploying Qualcomm’s AI200 and AI250 rack systems in 2026 to provide global AI inferencing services from Saudi Arabia.
- Qualcomm and HUMAIN describe the effort as a fully optimized edge-to-cloud hybrid AI solution aimed at enterprises and government users.
- Rosenblatt reiterated a Buy rating on Qualcomm with a $225 price target and estimated the HUMAIN deployment could generate roughly $2 billion in revenue.
- Jim Cramer criticized Qualcomm’s recent surge and rhetoric, comparing the stock’s action to its 1999 run-up and warning investors to be cautious.
- Coverage cites HUMAIN’s earlier May plan with AMD for a 500MW build and projects the AI inference market to exceed $250 billion by 2030.