Qualcomm has launched two new AI chips, the AI200 and AI250, aimed at competing with Nvidia and AMD in the data center market. The announcement led to a significant 15% rise in Qualcomm's stock price as it positions itself as a serious contender in the semiconductor industry.

Qualcomm has announced the release of new AI accelerator chips, the AI200 and AI250, aimed at competing with Nvidia and AMD in the AI chip market. These chips will target data centers, focusing on inference capabilities, and are expected to reduce operational costs for cloud service providers. The announcement has already led to an 11% surge in Qualcomm's stock price.