Reported about 9 hours ago
Qualcomm's shares surged by 11% after the company announced its entry into the AI chip market, launching its AI200 and AI250 chips aimed at the data center sector. This move pits Qualcomm against major players like Nvidia and AMD as it attempts to capture a share of the lucrative market. The AI200 and AI250 will be available starting in 2026 and 2027, respectively, and are designed specifically for AI inference applications. Qualcomm aims to reduce total ownership costs with its energy-efficient server technology as it shifts focus from a reliance on smartphone business.
Source: YAHOO