Reported about 21 hours ago
Qualcomm's stock surged over 20% after the company announced its entry into the AI chip market with the AI200 and AI250 models, set to compete with Nvidia and AMD in the data center sector. The AI200 and AI250, designed for AI inference, are scheduled for release in 2026 and 2027, respectively, and promise low power consumption and a competitive total cost of ownership. Qualcomm aims to reduce reliance on smartphone chips as it navigates the competitive landscape occupied by tech giants like Amazon, Google, and Microsoft.
Source: YAHOO