Qualcomm Shares Jump as it Unveils Data Center AI Chips
Qualcomm recently announced two new AI chips designed for data centers, marking a major shift from its slowing smartphone business and sparking a 20 percent surge in its stock price. The sharp rise reflected investor confidence in the company’s deepening push into AI, as it prepares to challenge Nvidia’s dominance in data center technology. The first chip, known as the AI200, will be available in 2026 and will serve as both a standalone AI accelerator and the centerpiece of a full Qualcomm-designed server rack that includes its own CPU. A follow-up system, the AI250, is expected in 2027, while a…