| | | "At Qualcomm’s Snapdragon Summit, where Qualcomm is expected to share its next cutting-edge chipset, CEO Cristiano Amon was joined by Rick Osterloh, Google’s ( GOOGL) head of platforms and devices.
What they shared builds on the growing relationship between the two companies as Qualcomm increasingly focuses on the Android operating system. Osterloh shared Google's plans to bring Gemini, its Android AI stack, applications and the developer community to the PC market as part of its efforts to build a common foundation for its products. This means a unified Android platform that will run on smartphones and PCs as well.
In our view, this has the potential to accelerate the part of Qualcomm’s diversification strategy into the AI PC market, but others as well, given Android Auto and Google’s efforts in wearables. That checks all three of Qualcomm’s diversification boxes: AI PCs, automotive and IoT.
As we think about this announcement, it follows the roadmap Apple ( AAPL) has been following as it unifies its device operating systems with an increased look, feel and functionality across them with iOS 26. The growing relationship between Google and Qualcomm is likely to take the biggest bite initially out of Microsoft’s ( MSFT) 70% share of the desktop market, especially given its low to no showing in the smartphone and tablet markets. The initial reaction to this Google-Qualcomm tie-up will weigh on MSFT shares, but as we’ve pointed out to you after Microsoft’s June quarter earnings, now more than ever, Microsoft is an enterprise and cloud company."
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