A Tiny Detail in Nvidia's Q1 Report Is a Very Big Deal for Qualcomm
Source: Motley Fool
2026-06-02 13:03:00 ET
Nvidia (NASDAQ: NVDA) recently reported yet another round of amazing quarterly growth. Still riding the artificial intelligence (AI) adoption wave, its Q1 top line improved to $81.6 billion, up 85% year over year.
Lost in all the bullish noise, however, is that Nvidia isn't just an AI hardware company. Although data centers now account for more than 90% of its revenue, it still operates another division it (loosely) calls "edge computing," which saw 29% year-over-year sales growth of its own last quarter.
And this has bullish implications for rival chipmaker Qualcomm (NASDAQ: QCOM) .
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