Can Cars And Data Centers Carry Qualcomm Stock Past Apple?

Image from Pixabay Qualcomm (QCOM) stock is up about 37% over the past six months, even after falling 21% over the past three. The case for the next leg rests outside phones, where management expects growth fast enough to cover a shrinking Apple business. The first real test arrives in the December quarter, when management expects its two custom data center wins to start producing revenue. Qualcomm stock has moved fast before. It has gained more than 30% in under two months 12 times since 2010, most recently in 2026. It is up 9.8% over the past year and sits about 29% below its 52-week high. Where Is Qualcomm Already Growing Outside Phones? Cars are the proof so far. Automotive sales rose 61% year over year in fiscal Q3 2026, another record quarter.