Qualcomm (QCOM) closed at $181.03 in the latest trading session, marking a -3.54% move from the prior day.
Qualcomm Inc. NASDAQ: QCOM stock has just had the kind of day many investors can only dream of. Having rarely gained more than 2% or 3%, shares jumped 11% on Monday, Oct. 28, to close around $187 in recent months, even on its better days.
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI)'s move into artificial intelligence data center chips could mark a pivotal step in diversifying beyond its slowing smartphone business, according to Bank of America. The chipmaker last week unveiled its new AI accelerator chips, the AI200 and AI250, expanding its product line and footprint into the fast-growing data center market.
Qualcomm (NASDAQ: QCOM) surprised everyone this week, disclosing new plans to enter the data center market and forging a new $1 billion partnership with Saudi Arabia's artificial intelligence (AI) company Humain.
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CNBC's “Fast Money” team discusses semiconductor stocks leading markets to new highs after Qualcomm's announcement that it will release new AI chips with Gene Munster, managing partner at Deepwater Asset Management.
Qualcomm Incorporated is entering the AI accelerator market with its AI200 and AI250 chips, aiming for cost-efficient inference workloads. QCOM leverages its expertise in low-power, high-performance SoCs to target edge and enterprise AI, positioning itself as a bridge between edge and cloud AI inference. Capturing even a small share of the projected $500 billion AI accelerator market could add $10–$15 billion in revenues, though initial margin compression is likely.
Qualcomm, which is known for its chips in smartphones, also announced a deal with Humain, a Saudi-backed A.I. company. The news sent Qualcomm's share price soaring.
The company is launching chip-based AI accelerator cards for AI inference and data center racks, and is counting Saudi Arabian AI firm Humain as its first customer.
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) shares climbed nearly 16% on Monday after the semiconductor maker announced that it will release new artificial intelligence (AI) accelerator chips, placing the company into direct competition with Nvidia and AMD. Qualcomm said both the AI200 chip, which will go on sale in 2026, and the AI250, planned for 2027, can come in a system that fills up a full, liquid-cooled server rack.
Shares in the semiconductor maker rise 20% as it launches AI chip to compete with Nvidia.
Shares of Qualcomm Inc NASDAQ: QCOM closed out Monday's session just above $167, extending a steady recovery that's put it back near the upper end of its recent range. The stock is still up about 40% since April, even after a brief 9% pullback earlier this month, and remains one of the more resilient names in the semiconductor space.