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Is Qualcomm the New AI Chip Growth Stock to Buy?
Qualcomm (NASDAQ:QCOM) has long dominated the mobile chip market, but its latest push into artificial intelligence (AI) hardware raises questions for investors. With the AI boom driving massive gains for leaders like Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD),
Qualcomm on Monday unveiled two artificial intelligence chips for data centers that will be available next year, diversifying beyond a stagnant smartphones market and sending its shares up 20%. The sh
Qualcomm had datacenter envy back when Intel ruled the bit barns of the world, and now it has it even worse now that Nvidia has shown how AI processing
Qualcomm announced the AI200 and AI250 and has plans to release AI chips annually.
Qualcomm's announcement of new AI-enabling chips will allow it to go toe-to-toe with powerhouses like Nvidia and AMD.
The stock briefly reached $205.95 per share, up 21.9% from the opening price on NASDAQ, then settled to around $190, still well over 10% higher.
Qualcomm unveils AI200 and AI250 chips to challenge Nvidia and AMD, marking its bold entry into the booming AI data center market.
At the annual Snapdragon Summit, Cristiano Amon predicts agentic AIs acting through our phones, glasses, and cars to create an ‘ecosystem of you.’
Qualcomm Incorporated (NASDAQ:QCOM) is one of the most undervalued large cap stocks to buy right now. On October 27, HUMAIN, which is a PIF company, and Qualcomm announced a transformative collaboration to deploy advanced AI infrastructure in Saudi Arabia.