Research Notes

Qualcomm’s Dragonfly Data Center Portfolio

Qualcomm unveiled Dragonfly, its full-stack data center portfolio focused on AI inference, at its recent 2026 Investor Day. The portfolio brings together the Dragonfly C1000 data center CPU, the Dragonfly AI300 inference accelerator, the company’s new High Bandwidth Compute (HBC) near-memory architecture, a broad connectivity lineup, and a custom silicon practice.

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Qualcomm Acquires Modular for its Hardware-Agnostic AI Software Layer

Qualcomm announced its intent to acquire Modular, an AI infrastructure software company, in a stock transaction valued at approximately $3.9 billion. The deal pairs Qualcomm’s silicon roadmap with Modular’s Mojo programming language and MAX inference engine, a software stack that runs AI models across CPU, GPU, NPU, and custom ASIC architectures without requiring per-accelerator rewrites.

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