$QCOM is adding another major name to its automotive business as BMW expands its relationship with Qualcomm for next-generation vehicle technology.

The auto industry is becoming an increasingly important growth engine for Qualcomm, alongside its established smartphone business. More connected and software-defined vehicles could give the company another long-term source of revenue.

With automotive, AI, and edge computing all expanding, Qualcomm’s growth story is becoming a lot more diversified.

Do you think $QCOM can turn automotive into its next major growth driver?