Svmuu News: Morgan Stanley released a research report stating that the outlook for Qualcomm’s data center business, as announced at its Investor Day, was more optimistic than expected, Management explicitly provided guidance for AI-related revenue of $5 billion in fiscal year 2027, at least double market expectations, indicating that the company has joined the ranks of AI beneficiaries. The firm believes that, driven by data center opportunities, Qualcomm’s business diversification is progressing faster than expected, with management aiming to capture more than 5% of the $1 trillion total addressable market for data centers within 5 to 7 years. The firm upgraded its rating on Qualcomm from “Underweight” to “In Line,” raised its price target from $146 to $231, and increased its revenue forecast for fiscal year 2027 from $41 billion to $46 billion, while raising its adjusted earnings per share forecast from $9.84 to $10.45.