Qualcomm's stock surged by 20% after announcing new artificial intelligence accelerator chips aimed at competing with Nvidia. The AI200 and AI250 chips, set to ship in 2024 and 2027 respectively, promise high memory bandwidth and energy efficiency, marking Qualcomm's expansion into the AI chip market.
Qualcomm Inc. has announced a new lineup of chips aimed at the AI data center market, causing its shares to surge to a 15-month high. The AI200 series will begin shipping next year, with Saudi Arabia's AI startup Humain as the first customer, set to deploy significant computing power based on these chips in 2026.