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Will Cloud, Servers and Data Centers be the Next Growth Frontiers for Qualcomm?

When most consumers and investors think of Qualcomm Inc. (NASDAQ: QCOM), they probably think of mobile devices and smartphones for the Snapdragon mobile processors. This is among the high-end processors for mobile computing, but Qualcomm shares have been stuck in the mud as they have had a time growing the market endlessly when other cheaper alternatives are competing with it.

At least investors now may start thinking about Qualcomm outside of that tiny mobile box. Qualcomm made three different announcements on Thursday which are outside of mobile computing — data centers, servers, and storage. One of the announcements made on Thursday was that Qualcomm Technologies and Xilinx, Inc. (NASDAQ: XLNX) announced a strategic technical collaboration.

While the underlying technology and planned effort may not be a new concept to investors, the investing community has turned its back on Qualcomm’s prior days of endless growth from mobile computing in smartphones and mobile web devices. Maybe this will prove that point — at just under $58.00, Qualcomm’s stock is still down over $20.00 from its 52-week high.

The joint release showed that the two companies will deliver heterogeneous computing solutions on Qualcomm Technologies’ server platforms from card level to highly-integrated solutions. It turns out that the targets...